Employee Performance Management (EPM) automation has been enthusiastically embraced by organizations of all sizes and in every industry segment. There's good reason for the excitement. Properly implemented, EPM automation helps align individual goals with corporate strategy and objectives, compresses review cycles, improves the quality of reviews, enhances the timeliness of feedback, and creates a cycle of goal-setting, evaluation and feedback that can lead to higher levels of performance in virtually every area of the organization.
Performance management encompasses setting goals, identifying relevant competencies, and conducting employee reviews. To achieve all of the potential benefits of effective performance management, companies should leverage a structured software platform to automate these processes.
This white paper describes some of the missteps and lessons learned from these early implementations--and what companies can do to avoid them.