How Kredily’s Performance Management System (PMS) can be utilized for you?
1. Skills:
PMS helps to identify and track the skills of each employee, highlighting their strengths and areas for improvement. With customized competency frameworks, you can map employees’ skills to the roles they perform, ensuring that development plans are aligned with their career progression.
How it’s useful:
- Monitors individual skill development over time.
- Identifies gaps that require training or upskilling.
- Helps in role-specific skill enhancement for better performance.
2. Feedback:
PMS facilitates ongoing, real-time feedback, making the process more engaging and constructive. It allows managers and peers to provide continuous insights into performance, ensuring employees receive timely guidance.
How it’s useful:
- Encourages a culture of open communication and growth.
- Provides regular input that helps employees adjust their performance proactively.
- Eliminates the need to wait for annual reviews, promoting continuous improvement.
3. Evaluation:
The evaluation process in PMS offers a structured approach to assess employee performance through set KPIs and objectives. Customizable evaluation templates ensure that reviews are consistent, fair, and aligned with the company’s standards.
How it’s useful:
- Enables fair, objective performance reviews based on predefined criteria.
- Facilitates 360-degree evaluations, incorporating peer, manager, and self-assessments.
- Provides transparency in appraisals, reducing bias in performance judgments.
4. Analytics:
With PMS, you gain access to in-depth analytics that provide insights into performance trends and patterns. These data-driven reports help HR and management make informed decisions about promotions, bonuses, and areas requiring attention.
How it’s useful:
- Analyzes performance metrics across teams, departments, and individuals.
- Identifies top performers and those who may need support.
- Helps in forecasting workforce productivity and planning future training programs.
5. Settings:
Kredily’s PMS allows you to customize the system based on your company’s unique requirements. You can set goals, evaluation criteria, feedback frequency, and more, ensuring that the system works seamlessly for your organization.
How it’s useful:
- Enables full customization of goals, review cycles, and feedback processes.
- Adaptable to different departments or roles within the organization.
- Provides flexibility to modify settings as per changing organizational needs.
Through these features, Kredily’s PMS ensures a holistic approach to managing employee performance, focusing on skills development, regular feedback, thorough evaluations, data-backed analytics, and customizable settings for an organization’s specific needs
