www.peopleworks.in Twitter- HRPeopleWorks Phone- 91-80-221 40 200 Email: peopleworks@peopleworks.in

India has the second largest population of Small and Medium

businesses (SMBs) among BRIC countries and the US, contributing

more than 60 percent to the Indian economy. Unarguably one can

say that these enterprises play a vital role in the Indian economy in

terms of output, employment, and exports.

Though investment in Human Capital Management (HCM) solutions

is imperative for SMBs, this sector is hesitant to take the automation

tour. Largely this is because of unclear ROI and cost of

automation. What is being overlooked though is employees and

how lack of a HCM solution can reduce can cause a bottleneck

for companies in the long run. With emphasis on learning,

improvement, development to create a high performance

workforce and embalming this with overall business strategy,

companies need to include HCM in their game plan.

Engaged, Nurtured and Connected Manpower

Making performance management an effective and absorbed part of an organization requires long term decisive planning. Performance

management focuses on the performance of an organization, a department and employee. It can extend upto the processes of building a

product, service, as well as many other areas. A Performance Management System (PMS) is devised to ensure that the goals of an

organization are met consistently and effectively. It is a data based evaluation which comprises measurement, feedback and positive

reinforcement. It is vital for an organization to gauge how an employee is performing, and whether the performance is aligned with the

desired goals of the business and role requirement.

The “Engaged” employees, who work with a

passion and feel a profound connection

with their company. They move the

company forward because they are the

innovation drivers.

The “Unhappy” employees

who are disgruntled any which way and

their dissatisfaction permeates to

happier and satisfied sections of the

workforce.

The “Not Engaged” employees who put

their time in work, but not

passion or energy

According to a survey by Gallup, there are mainly 3 categories of employee behavior, namely,

© Copyright 2014 PeopleWorks

Embracing The Future of Human Capital Management- Linking Performance with Metrics

www.peopleworks.in | LinkedIn - PeopleWorks IN | Twitter - PeopleWorksBiz | Phone - 91-80-221 40 200 | Email: peopleworks@peopleworks.in

www.peopleworks.in | LinkedIn - PeopleWorks IN | Twitter - PeopleWorksBiz | Phone - 91-80-221 40 200 | Email: peopleworks@peopleworks.in

Employees need to feel secure and on board with the appraisal that they are going through, so that managers can avoid any feelings of

competition, and avoid workforce dropping down to the “Unhappy” zone, by being critically informative with their respective teams.

Management must be able to ensure that the perception of performance management is not merely rewards against exceptional

performance, but for other multiple benefits, such as better communication, coaching, identifying skill gaps, training and a 360 evaluation,

that is unbiased. An employee who feels “included” in the program, will be better equipped to invest their faith in the robust culture of

their organization, and hence will grow hand in hand with the business.

Measure-Determine-Manage Performance

A good Performance Management System will bring the following

advantages:

For Employee

• Appropriate feedback and improvement opportunity

• More motivation to perform

• Clarity and alignment with the role expectation and the company’s strategic goals

• Precise career development opportunities based on evaluation and merit

For Manager/ Team Lead

• Better acquaintance and interaction with team members

• Identifying performance gap & take corrective measures

• Institute Periodic discussions and feedback on performance helping the team to align better with business objectives

• Focused training needs

The PeopleWorks Solution

PeopleWorks’ Performance Management System is designed to provide optimal results for a SMB. PeopleWorks’ Performance Management module incorporates the state-of-the-art features, which include tools to measure performance from top down to bottom up information processing.

Hence, an incisive performance management system must carry the potential to homogenize manpower in terms of best practices, core values and business strategy, leading an organization towards assured innovation and uninterrupted growth.

Key Result Areas

Key

Performance

Areas

360 degree

Evaluation

Goal

Setting

Goal

AssessmentMy

Appraisal

Diary

Bell Curve Analysis

Result

Learning Need Analysis

For the Organization

• Business strategy and company goals are better communicated, understood and accepted. Employee engagement efforts can be synched with culture by driving behaviors towards shared objectives

• The link from performance to bonus to productivity and its evident return on investment is clear and transparent

• The data received via evaluation helps provide training need analysis reports for the whole organization at a stretch

• An effective Performance Management module has the potential to transform a business by analyzing competencies of employees, teams and managers collectively to identify gaps & draw future projection

Call / email us for an insightful demo and our expert will do the rest.

The PeopleWorks Advantage

PeopleWorks is a cloud-based Employee Lifecycle Management solution with interlinked modules to automatically process all aspects of an employee’s life from hire to retire. PeopleWorks offers a systematic tracking of performance of every employee that helps the management in taking call on the appraisal cycle of employee. The Performance Management module guarantees success in Performance Appraisal and interpretative Human Capital Analysis with the following edge:

• Customized: Digital forms, customized workflows and timely notifications automatically sent to all employees at once. No need to collate, transcribe and analyze data from handwritten forms.

• Accuracy: Set the varying Key Performance Indicators for varying job roles. Customize how each employee or department’s performance is measured, while also setting an organization wide standard for rewarding good performance.

• Transparency: Empower individuals with the Employee Self Service to fill in their own forms after effective communication sessions between them and their supervisors/managers, in order to nullify personal biases.

• Analysis: Automatically translate individual scores into final ratings with the preset logic.

• Reporting: Final observations and insights from the activity, in the form of easily understandable statistics are translated into actionable decisions to pursue growth.

The PeopleWorks Di�erence

Furthermore, the unique vantage points of PeopleWorks over other HRMS available in the market are as follows:

Leveraging latest technology – It’s hosted on a public cloud in order to be globally accessible through only an Internet connection. Moreover, with its built-in Antivirus protection and SSL certificate based 256 bit encryption for all data transfers, it’s the most secure HRMS available.

Simplicity redefined – With an extremely user-friendly Graphic User Interface and simple yet detailed features for quick decision making, it’s the easiest HRMS to operate & implement.

Infinite Scalability – With the ‘pay-per-user’ model of subscription and optional choice of modules, it saves your business huge investments in the setup & maintenance of ERP (In-house HRMS).

HR domain expertise – With 13+ years of HR domain expertise behind the designers of this solution and inputs from subject matter experts, we know what exactly works and what tall claims mean.

Unmatched Customer Support – With every PeopleWorks client being assigned one Customer Success Manager and automated product updates being rolled out periodically, we make sure that your business achieves Growth Uninterrupted.

www.peopleworks.in | LinkedIn - PeopleWorks IN | Twitter - PeopleWorksBiz | Phone - 91-80-221 40 200 | Email: peopleworks@peopleworks.in

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