Performance Management Trends To Follow In 2018

Performance Management Trends To Follow In 2018

Traditional Performance Management approach is broken! Experts believe that old school performance management approach is inaccurate and unfair, as it limits managers and HR to a time-consuming review process and does not yield clear improvements in organizational or individual performance. It has been more about measuring employee performance to meet ranking purposes, rather than focusing […]

Organizational Climate: Managing Business Performance

Organizational Climate: Managing Business Performance

Issues that constantly haunt a CEO are: › What should be my approach to enhance Business Performance? › How to improve Employee Productivity? › How to harmonize the internal & external business environment? Business Performance is a complex, multi-dimensional puzzle, which can be solved by managing the ‘Organizational Climate’. To create a healthy organizational climate, […]

HR Conclave 2017: A Discussion on Impact of Performance Management System in Organizations

HR Conclave 2017: A Discussion on Impact of Performance Management System in Organizations

Human Resources industry has evolved greatly when it comes to technology and trends. The role of HR has been transformed from merely managing employee data to a strategic partner in business decision making. This transformation has brought a set of new challenges and solutions for the industry leaders and technology innovators. Each year, HR Conclave […]

Case Study: Empxtrack Addresses Challenges in Normalization of Appraisal Scores for a Decision Support Analytics Company

Case Study: Empxtrack Addresses Challenges in Normalization of Appraisal Scores for a Decision Support Analytics Company

About the Company This case study is about a company, that provides comprehensive, integrated solutions based on deep understanding of science, the market, and key business challenges that its clients face. The company deploys agile, cross-functional project teams that are responsive to client needs. Their experienced team of experts use proprietary strategic frameworks to help […]

Case Study: Empxtrack Streamlines Performance Management for IFFCO Tokio General Insurance

Case Study: Empxtrack Streamlines Performance Management for IFFCO Tokio General Insurance

Introduction IFFCO Tokio GENERAL INSURANCE is one of the India’s Largest Insurance providers. IFFCO Tokio is an organization with a qualified team of professionals working together, sharing views and ideas with passion to accomplish a common goal “To be an industry leader in India”. The business environment they work in is dynamic with a high […]

Overcome Performance Management Challenges in Banking & Finance Sector

Overcome Performance Management Challenges in Banking & Finance Sector

Banking and Finance System is the backbone of human civilization. 100% of human population interacts with banks on a nearly daily basis. Banks and Financial Institutions have witnessed a lot of economic turmoil in the past and continue to experience so. Last decade experienced several heavyweights of the industry stumble and collapse without much warning. […]

Top 5 Performance Challenges Faced in Healthcare Industry

Top 5 Performance Challenges Faced in Healthcare Industry

Healthcare is one of the fastest growing industries. To offer quality care to patients, a large pool of well-trained, dedicated medical professionals and cost saving clinical procedures are required. Besides employing doctors, nurses, medical residents and interns, healthcare sector also has support staff – people involved in front desk to back end transactional operations. Undoubtedly, […]

Performance Management in Retail Industry – Ways to Improve Employee Performance

Performance Management in Retail Industry – Ways to Improve Employee Performance

Today, when online shopping has become a prevalent trend, retailers try hard to defeat cut-throat competition and retain customers. Performance of retail employees play a significant role in improving operational efficiency, building customer loyalty and boosting profits. Expectations for better services and excellent customer experience are escalating with each passing day. Offering great shopping experience […]

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Setting employee goals in a transparent manner and continuous measurement of employee achievements is critical to business success. While a lot of effort is put into setting goals and documenting them, the need to track real-time progress of goals and measure performance often remains underestimated. This results in loss of productivity, disengaged teams, and under-utilization […]

Performance Evaluation Facts to Keep Millennials Engaged & Productive

Performance Evaluation Facts to Keep Millennials Engaged & Productive

By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]

Infographic: Build Potential Leadership Pipeline with a Succession Plan

Infographic: Build Potential Leadership Pipeline with a Succession Plan

“Succession Planning Doesn’t Start with People. It Starts with the Requirements of the Position.” – David Ulrich Succession Planning is a process to identify employees from within the company, for leadership or any other kind of key roles in the company. A survey conducted by National Association of Corporate Directors (NACD) found that 2/3rd of […]

Why Appreciating and Rewarding Employees is More Important Than Ever

Why Appreciating and Rewarding Employees is More Important Than Ever

Appreciation is a basic human need! Experts believe that praise and recognition have always been crucial in improving employee productivity, engagement and retention. Managers, HR and the leadership need to understand its significance and the positive impact it has on business growth. A simple thing, such as a shout out in a team meeting or […]

People analytics: Does your Organization Run Data-Driven Processes?

People analytics: Does your Organization Run Data-Driven Processes?

Changing human resource management to a data-driven mindset can be challenging. After all, HR intends to deal with people, not with numbers. However, being data-driven is vital for a forward moving business. Data analytics measures success of HR initiatives and helps in making well-informed decisions. 77% of managers regard people analytics as a key business […]

58% Companies Say That Performance Management is an Ineffective use of Time. Why?

58% Companies Say That Performance Management is an Ineffective use of Time. Why?

CFOs estimate that ineffective performance management processes result into thirty percent loss of company’s performance potential. And only 8% of organizations drive high value from these processes. In Brandon Hall Group’s 2016 Performance Management study, 72% of organizations found their performance management process to be “some – what effective” or “not at all effective”. [Source] […]

Want to be a good manager? Don’t let these challenges affect you!

Want to be a good manager? Don’t let these challenges affect you!

The role of a manager has always been demanding and ever evolving. Managers enable their team members to achieve their goals, maintain high levels of productivity, and ensure a focused and aligned effort. Multiple responsibilities and continually changing workplace trends, make the work of a manager more challenging than that of an employee working for the […]

HR Statistics for Human Resource Management

HR Statistics for Human Resource Management

2017 predictions, trends and statistics associated with human resource management are all in. Like each year, HR leaders are reviewing the main challenges, priorities and trends before predicting what will change in the year ahead. Human resource management is a process to manage people within an organization. Since employees are the most valuable asset for […]

Success Story: Empxtrack Improves Performance Appraisal for IT Companies

Success Story: Empxtrack Improves Performance Appraisal for IT Companies

Performance appraisals play a key role in improving employee productivity and business performance. The purpose of performance appraisal for IT companies is to evaluate employee performance against predefined goals. Companies that use performance appraisals are easily able to identify areas where employees can enhance their skills and create development plans to help them do so. […]

Case Study: Empxtrack Performance Management Software aligns employees for a Not-For-Profit

Case Study: Empxtrack Performance Management Software aligns employees for a Not-For-Profit

This case is about a not-for-profit organization in the US with 110 employees. It describes the challenges that the organization faced and the solution to make the performance management process accurate and more useful to the management. Challenges The leadership believed that their organization’s customers were not being served effectively and while most employees were […]