Performance management is basically a system of different processes that combine to create an effective workforce within your company that can effectively reach your business goals. There are many different aspects of performance management, but in most cases it can be broken down into a few simple steps.
If you’re adopting a performance management process for the first time or want to modify your current one to maximize its effectiveness, there are three key aspects that are the most important in your performance management system. Obviously these are up for debate, but in most cases of performance management you can plan on these to have the most impact on the success or failure of your performance management efforts.
Unicorn HRO provides performance management tools that can help you formulate plans, monitor progress closely, and even track and manage rewards. Having software that allows you to effectively implement performance management is important and almost as vital as the actual steps that you take in your performance management efforts.