Performance Management System
Boost organizational performance with StoHRM’s Performance Management module, designed to streamline goal-setting, assessments, and evaluations. Tailor assessment cycles and appraisal templates to fit employee grades and categories, with automated reminders ensuring timely participation. Choose between the 9 Box Grid or OKR methods for comprehensive performance evaluations.
Our module facilitates regular goal reviews and evaluations from both self and manager perspectives. Utilize our normalization feature for fair performance ratings and automate the generation of performance letters, ensuring a seamless integration of performance management into your HR strategy.
Performance Management System
Performance Management System Configuration
Assessment & Goal Setting Workflow: Establish a systematic process for setting and tracking employee goals, along with defining eligibility criteria. Define assessment cycles (annual, biannual, quarterly, monthly).
Email Reminder Triggers: Set up automated email reminders for goal setting, assessments, and evaluations to ensure timely participation.
–
✔
✔
Appraisal Template Configuration: Customize appraisal templates based on employee grade and category, with automatic tagging for eligibility.
Pre-defined Templates: Access templates for goal setting, annual appraisal, and management appraisal processes.
Budget vs. Revision Simulator: Utilize a tool to simulate budget allocations and revisions for appraisals.
–
–
Goal Setting
Align goal setting activities with the Performance Management System (PMS) cycle chosen by the organization.
–
✔
✔
Utilize either the 9 Box Grid assessment or the Objectives and Key Results (OKR) method for performance evaluation and talent management.
–
–
✔
Goal Review / Evaluation
Goal Review: Assess the progress and status of goals at specified intervals.
Goal Evaluation (Self and Manager): Conduct evaluations of goals from both the employee's perspective (self-evaluation) and the manager's perspective.
–
✔
✔
Goal Reward
Normalisation through Bell Curve Target Distribution: Apply bell curve distribution to normalize performance ratings across teams.
Release ratings and generation of performance letter: Finalize performance ratings and automatically generate performance letters for employees.
–
✔
✔