Having the different levels of the organisation communicate with ease is important when it comes to establishing a healthy workplace. Further, employee engagement can boost morale in the workplace, leading to a 23% increase in profits.
To achieve both of these, HRMs can opt for an Employee Performance Tool and Feedback Software.
Employee Performance Tools: an Overview
To learn how well your workers are performing, it is essential to track their progress as per assigned projects, which is not as easy as it sounds. Further, a Gallup Study on Employee Engagement has disclosed that over 50% of the workforce is engaging in quiet quitting.
In order to track employees, provide regular and effective feedback on their work, and conduct appraisals, having an employee performance tool is a must.
Understanding the Need of Employee Performance Tools
By opting for employee performance tools for effective employee tracking and management, we get the below benefits:
Are Employee Performance Tools Useful?
Other than being a formality to meet Industry and Legal Compliance, Employee Performance Tools bring the following to the table:
- Helps track employees working remotely
- Provide predictive analysis on the basis of employee data
- Improves the working relationship between employees and the management
- Some offer a peer review system that helps employees learn more about their team.
Top Platforms Available for Employee Performance Tools
To track employee performance, using the right software tool is essential. Though many are available in the market, some of the top employee performance tools can be listed as follows:
1. StaffCircle
An AI-powered tool, StaffCircle seamlessly integrates with your existing system thus improving on it. Offering something for everyone, StaffCircle simplifies the HR tasks, thus shifting focus from processes to strategies.
Further, it allows the team leaders to assign tasks based on skills and the management to receive real-time analytics of employee data. To add, workers get a clear and transparent process where they are aware of their goals and the parameters that they are evaluated against.
2. Bamboo HR
An HR tool that caters mostly to small and medium businesses, Bamboo HR assists every step of the way during HR processes. This includes recruitment drives, employee induction, performance tracking, and payroll.
A tried and tested employee performance tool, Bamboo HR is reported to have increased productivity. Further, the transparent process paves the way for a positive work culture.
3. Leapsome
The key areas tracked by Leapsome include delivery of results, employee tracking, and performance management. While it does not cover all HR functions, it is an effective tool that aligns employee goals with those of the company. Allowing easy integration with other HR tools, Leapsome is a good tool for easy automation of HR processes.
4. ClearCompany
An Applicant Tracking System (ATS) and talent management software, ClearCompany is effective in hiring, induction, tracking, and training employees. Further, it provides useful feedback that boosts employee performance and engagement.
Hire and retain the best applicants, manage employee profiles, and monitor your employees with this employee performance tool.
5. PerformYard
Offering 360-degree reviews, goal tracking, and continuous feedback, PerformYard is an excellent performance management tool. Set effective periodic goals, conduct annual reviews, and provide feedback to your employees with this flexible HR tool.
Is Getting Feedback from the Employees Essential?
88% of workers feel that poor target assignment prevents them from achieving the goals set. This and other factors such as an unrealistic workload, lack of employee trust, etc. can turn into a cause for concern if not addressed at the right time.
Though 36% of workers do not experience a feedback program at their company, employee feedback software has the potential to be a highly beneficial tool.
Choosing the Right Software for Your Organisation
Getting the right software and deploying it across the company can be a significant investment. Whether it is meant to work as an Employee Performance Tool, an Employee Feedback Software, or a simple HR tool, it will require careful evaluation.
To make sure that the company does in fact benefit from the software tool, follow the below checklist:
- It should be scalable
- It should add value to the organisation
- It must comply with industry and legal standards
- It should offer bug fixes and client support
- It should meet the criteria for which it has been chosen
- It must be easy to integrate with other existing tools and platforms
- It must have a good market feedback
Integrating Employee Performance Tools and Feedback Software
While there are tools available in the market that approach both tasks separately, some of the others merge both to make them available from a single platform. Though you can opt for one or the other, it is best to choose a platform that facilitates both.
By selecting a platform that offers both, you get:
- Reduce attrition or employee turnovers and save on the costs of training new employees
- Offer a way that allows employees to voice their concerns and receive a positive feedback
- Identify areas that need to be worked on for a better, more cohesive work environment
- Establish clarity and communication between different levels of the company
- Reduce HR and administrative burden by automating processes
To Conclude
By opting for AI-driven software, as an HRM you can streamline the processes followed by your organisation. While the Employee Performance Tools can help receive an analytical overview of employees, the Employee Feedback Software will ensure that the workers feel heard.
When these two works in tandem, they can promote a healthy work culture where people have clarity regarding their roles and performance.
opt for a software tool that is best suited to your organisation and get easy integration with the existing system.
