{"id":179,"date":"2018-04-16T11:46:42","date_gmt":"2018-04-16T11:46:42","guid":{"rendered":"http:\/\/grosum.com\/resources\/?p=179"},"modified":"2022-03-17T09:53:21","modified_gmt":"2022-03-17T04:23:21","slug":"5-features-to-ask-from-your-performance-management-software","status":"publish","type":"post","link":"https:\/\/grosum.com\/resources\/index.php\/2018\/04\/16\/5-features-to-ask-from-your-performance-management-software\/","title":{"rendered":"5 Important Features to Ask from Your Performance Management Software"},"content":{"rendered":"<p><a title=\"Performance Management is evolving ?\" href=\"https:\/\/hbr.org\/2015\/04\/reinventing-performance-management\" target=\"_blank\" rel=\"noopener\">Performance Management is evolving<\/a>.<\/p>\n<p>Is your <a title=\"Performance Management System\" href=\"http:\/\/www.grosum.com\/\" target=\"_blank\" rel=\"noopener\">performance management software<\/a>\u00a0ready?<\/p>\n<p>What are the top 5 features that performance management software &amp; systems should possess to be in sync with the current needs of the industry?<\/p>\n<p>All over &amp; across, leading corporations are ringing in the changes surely &amp; swiftly to evaluate employee performance.<\/p>\n<p><em>Popular terms like <a title=\"Annual Reviews are dead\" href=\"https:\/\/grosum.com\/blog\/5_Important_Features_to_Ask_from_Your_Performance_Management_Software\/blogs-Why_drop_Annual_from_Performance_Reviews\" target=\"_blank\" rel=\"noopener\">annual appraisals are slowly going out<\/a>\u00a0of vogue. Bell curves &amp; f<a title=\"Forced Ranking Appraisal\" href=\"https:\/\/grosum.com\/blog\/5_Important_Features_to_Ask_from_Your_Performance_Management_Software\/blogs-What_is_forced_ranking_performance_appraisal\">orced employee rankings<\/a> are words to be avoided at all cost in this age of vocabulary correctness.<\/em><\/p>\n<p>Sample some of those who are scrapping the annual performance review process \u2013 <a title=\"GE Drops Performance Reviews\" href=\"http:\/\/qz.com\/428813\/ge-performance-review-strategy-shift\/\">General Electric<\/a>, Accenture, <a href=\"https:\/\/www.linkedin.com\/pulse\/20140206114808-15893932-how-adobe-got-rid-of-traditional-performance-reviews\" target=\"_blank\" rel=\"noopener\">Adobe<\/a>\u00a0&amp; Microsoft. In favor is a less formal process to track how employees are doing their jobs.<\/p>\n<p>A strong belief is growing that a <a href=\"http:\/\/www.businessnewsdaily.com\/5366-performance-review-tips-for-bosses.html\" target=\"_blank\" rel=\"noopener\">continuous process of regular feedback <\/a>to employees should be at the core of the new age performance management system.<\/p>\n<p>Performance reviews rank right up there with answering email and going to meetings as\u00a0one of the most despised chores of the workplace.<\/p>\n<p>Closer home, in the last year, we have seen companies like TCS, <a title=\"Wipro Ditches Bell Curve\" href=\"https:\/\/grosum.com\/blog\/5_Important_Features_to_Ask_from_Your_Performance_Management_Software\/blogs-Wipro_Drops_Annual_Reviews_and_why_it_makes_sense\">Wipro<\/a>\u00a0&amp; Infosys too deciding to move to a more holistic performance management process which places individual employee development as the core objective and an attempt to delink the annual increments to the core development oriented process.<\/p>\n<p>In such an evolving landscape, the tools that support performance management processes should evolve to meet the current needs &amp; today we reveal the <strong>5 absolutely key features that such tools should have.<\/strong><\/p>\n<p><iframe loading=\"lazy\" style=\"border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;\" src=\"\/\/www.slideshare.net\/slideshow\/embed_code\/key\/iGyZ2WqcMK6aOB\" width=\"595\" height=\"485\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"> <\/iframe><\/p>\n<div style=\"margin-bottom: 5px;\"><strong> <a title=\"5 Important Features to Ask from Your Performance Management Software\" href=\"\/\/www.slideshare.net\/TETIndia\/5-important-features-to-ask-from-your-performance-management-software\" target=\"_blank\" rel=\"noopener\">5 Important Features to Ask from Your Performance Management Software<\/a> <\/strong> from <strong><a href=\"https:\/\/www.slideshare.net\/TETIndia\" target=\"_blank\" rel=\"noopener\">GroSum<\/a><\/strong><\/div>\n<div style=\"margin-bottom: 5px;\">\n<div data-test='contact-form'\n\t\t\tid='contact-form-179'\n\t\t\tclass='jetpack-contact-form-container '\n\t\t\tdata-wp-interactive='jetpack\/form' data-wp-context='{\"formId\":\"179\",\"formHash\":\"5e61e96b978fe6ec1d7e838afa6f0dcce808c7cb\",\"showErrors\":false,\"errors\":[],\"fields\":[],\"isMultiStep\":false,\"useAjax\":true,\"submissionData\":null,\"formattedSubmissionData\":[],\"submissionSuccess\":false,\"submissionError\":null,\"elementId\":\"jp-form-5e61e96b978fe6ec1d7e838afa6f0dcce808c7cb\",\"isSingleInputForm\":false,\"isForcedHorizontal\":false}'\n\t\t\tdata-wp-watch--scroll-to-wrapper=\"callbacks.scrollToWrapper\"\n\t\t>\n<div class=\"contact-form-submission contact-form-ajax-submission\" data-wp-bind--aria-hidden=\"state.isSuccessMessageAriaHidden\" 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