An employee success system, aka performance technology, is a tool that helps support goals, growth, and productivity, fuels engagement, and creates a sense of well-being for employees. The system should help your company systematically connect, measure, and empower the success of each employee, team, and unit in alignment with the overall goals and objectives of the entire organization. According to Gallup’s 2020 meta-analysis of 1.2 million workers, the most highly engaged teams that use performance technology have:
- 81% less absenteeism
- 64% fewer safety incidents
- 41% fewer quality defects
- 18% higher sales productivity
- 23% greater profitability
- 66% better wellbeing
Source: Gallup Q Meta-Analysis Report
Now more than ever, understanding the connections between the company and its employees and their work experience matters. Employees want to know how they’re performing and understand their progress toward their work goals.
Employees are also looking for work-life balance, career advancement opportunities, fair compensation, and continuous learning opportunities. These can be delivered through a transparent performance technology system. Here are some of the key features to look for in an employee success system:
Performance reviews- Monitor and report on performance with flexible cycles tailored to each employee’s and your company’s needs. Managers and supervisors can use preloaded templates and tailor them to the company’s needs.
Goal-setting and monitoring- Set goals for specific teams, individuals, and the company. Performance technology can create workflows and attach them to goals or cascade goals down the organization to track the progress of all team members.
360 feedback processes- Feedback for reviews enables the technology to get feedback from peers, leaders, customers, or anyone outside your company.
Personalized dashboard- Keeps the most critical information accessible anytime to anyone using the technology.
Job history records- Maintainable and accurate records are accessible for every employee.
Nine-box technology- The technology provides the ability to help identify the career potential of all employees so you can focus on retaining the leaders and achievers of your organization.
Instead of relying only on manual performance reviews and training to measure performance, technology may help identify the possible causes of problems and suggest appropriate actions. Or, recognize achievers that are prime for promotion within your company and desirable to retain.
Empowering employee success is vital to your company’s success. Performance technology can do the heavy lifting, giving you more time for what matters most. Contact our team at Aspen HR to learn how to create more purposeful and promising paths for your employees using our performance technology.