What Are the Primary Characteristics of a Performance Management System?

The Challenge of Performance Reviews

Regularly conducting performance reviews can seem like an impossible undertaking for the teams in charge. Making decisions about the performance modules, carrying out self-evaluations, deciding on raises, and communicating feedback may all be tiresome and time-consuming.

To ensure fair performance choices and to streamline the process, it is crucial to implement a robust performance-management system.

5 Essential Characteristics

• Customizable settings: Every organization will uniquely conduct performance reviews. The system should allow choosing performance modules, changing terminologies, selecting evaluators, and adjusting review periods.
• Performance modules: Should support components like goals, key result areas (KRAs), skillsets, and competencies to properly track employee performance.
• Self-appraisals: A system that encourages self-evaluations through employee self-service portals with templated questions and deadlines.
• Multi-rating evaluation: Enables inclusion of feedback from peers and subordinates for balanced assessments.
• Performance evaluations: Should offer comprehensive reports to understand individual and organizational performance trends.

Implementation Advice

When selecting a performance management system, consider your ideal assessment workflow to choose a solution that fits your needs.

Modern systems can transform the traditionally cumbersome review process into an efficient, value-added activity.