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HRsoft Performance Management Cloud Software Complies with ANSI-SHRM Performance Management Standard
HRsoft (www.HRsoft.com) announced its compliance with the American National Standards Institute (ANSI) and Society for Human Resource Management (SHRM) Performance Management Standard.
The purpose of the standard is to provide employers with a uniform way to analyze and discuss employee job performance, including goal setting and performance improvement plans.
Effective performance management has benefits for employers and employees. Aligning an employee’s goals with the strategic goals of an organization is a contributor to overall success. What’s more, performance management gives employees clarity about their goals and how they are accomplishing them over time.
Performance management allows employees to be better prepared and understand how their roles and accomplishments contribute to a company’s objectives. A system also lets employees see the competencies necessary for specific positions in an organization. This helps employees understand what it takes to get to higher levels of responsibility.
The Standard states, “Performance management is the foundation for organizational effectiveness for employers worldwide. To innovate, develop, sell and maintain goods and services that deliver value to customers, clients or stakeholders, organizations must employ techniques that encourage and motivate employees to perform to their full potential in a manner that adds value to the organization. Effective performance management processes serve a critical function in communicating expectations to employees, providing ongoing feedback and coaching, and in some cases addressing performance issues.”
Key elements of the standard include:
* A dialogue that includes performance feedback measured against clear and specific goals and expectations that have been established at the outset of the performance management cycle;
* Goal setting: Establishing objectives to be achieved over a period of time;
* Performance review: Assessing progress toward goals;
* Coaching and mentoring;
* Effective methods of recognition and communication;
* Performance Improvement Plans – Individual Development Plans;
Employers using the HRsoft Performance Management Software as a Service solution can realize the elements addressed in the ANSI-SHRM Performance Management Standard.
HRsoft is one of the fastest growing software companies focused on human capital management. The company’s TalentCenter suite of solutions include performance management, compensation management and total rewards communication. Discover more at www.HRsoft.com