Performance Management Software
GoodRevu Performance Management Software allows you to create structured feedback with a flick of the wrist.
Almost every company conducts some sort of performance management process, typically in the form of an annual (semi-annual,
or quarterly) employee performance review.
Studies show that over 90% of companies in the US (and nearly that high world-wide) conduct employee performance appraisals,
some using performance management software, and many using paper forms, or their only marginally better cousins, the electronic (Excel and Word)
document-based reviews. Most performance management offerings are just a step up from Excel - a web-enabled form. GoodRevu provides a world-class
performance management software package (web-based, aka SaaS), which is intuitive, and takes care of much of the work of creating employee performance
evaluations. In the following section, we will address how performance management software can be used, and how GoodRevu makes the process easy.
These are some of the benefits of using Performance Management Software, and specifically, GoodRevu Performance Management Software:
- Structured Feedback: The best way to improve the performance of your team is to provide regular feedback, both good and bad.
We believe that all employees want to improve how they do their job, and timely feedback is the key. GoodRevu makes feedback easy, by providing a list of
skills that are common to all employees, and job-specific skills, for example, sales, marketing, engineering, operations, administration, etc. As part of the rating process,
GoodRevu creates the (editable) written portion of the review, which gives busy reviewers a head start on how to craft their message. Rather than generate a review that is
full of HR jargon, GoodRevu creates an actionable review using everyday language. Additionally, every user of GoodRevu has a private email address for sending
performance related notes into, which allows easy collection of performance behavior throughout the year, and the notes can be easily dragged-and-dropped into
the performance reviews at review time - for a more detailed and personalized review experience.
- Compensation: One of the top functions for a performance management system is to help rank employees for the purpose of determining
who the top performers are in your organization and deserve a raise. GoodRevu allows stack ranking of employees based on their performance on a series of skills
and goals, which provides the ability to score and rank employees on quarterly, semi-annual, or annual basis.
- Merit Bonuses: Smart, software-based performance management tools should make it easy to rank the performance of employees by comparing the
calculated performance review scores (which is traditionally a time-consuming manual process using electronic or paper forms). GoodRevu makes it a simple process to sort
performance review scores. We also support the ability to change the weighting of skills and goals, so job-specific functional skills can be weighted
more heavily for more senior employees.
- Promotions: An important part of performance management is succession planning - finding and developing the next generation of leaders.
By examining how team members perform under stress and exhibit leadership skills, one can identify the candidates for promotion. GoodRevu offers a number
of Leadership-relevant skills, which can be compared to find the top prospects for the new leaders of tomorrow.
- Coaching: Besides finding the top performers in an organization, the performance management system also needs to identify the
employees who are struggling and need help to get on the path towards excellence. Our philosophy is that all employees want to do a good job, and they
either need assistance through coaching or by finding a more suitable position within (or worst case, outside) the organization. Besides helping identify the
employees who need assistance, GoodRevu offers an extensive library of coaching suggestions, which can be dragged-and-dropped straight into the performance
review. Our reporting tools allow the administrator to determine how skills are being rated (in aggregate) across the organization, to determine the strongest
areas for the organization, as well as the skills that the company needs training in as a whole. GoodRevu can provide this type of insight through the use
of structured feedback, so skills can compared for employees across teams.