In today’s competitive
environment, product differentiation is short lived. Companies that
focus on maximizing talent management are able to sustain competitive
advantage. Creating a high-performance organization includes more than
just automating performance reviews. Companies must have a performance management tool that quickly and easily:
- Identifies skills gaps
- Provide managers with recommendations on how to assign training to close those skills gaps
Develop Effective Employees
Performance management shouldn’t be only one sided.
360-degree performance feedback helps employees understand not only how
to be more effective individually, but how to empower the team they
- Performance reviews should result in a clear
development plan for each employee that can be tracked and is integrated
with an employee’s learning/training plan.
Align Performance with Organizational Goals
an organization has established its strategic direction, performance
management should align performance processes with organizational goals
and individual goals should be aligned with departmental objectives. An
effective performance management tool:
- Provides goals management to track the progress of individual goals
- Creates visibility for managers and executives on an ongoing basis
Learn more about our performance management solution, the Performance Cloud, from Cornerstone OnDemand.