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Performance management
In today’s economy, workforce competition is intense. Not only are companies competing for workplace talent, they are also competing to gain as much productivity as possible from that talent. As a result, companies must walk a fine line – managing workforce satisfaction to minimize turnover while simultaneously managing employee performance to maximize productivity. While these two goals may seem at odds, successful companies recognize that there is a strong link between employee satisfaction and employee productivity. Satisfied workers not only do their jobs better, but are more likely to stay in their jobs longer than unhappy workers. One of the best ways to increase employee satisfaction is to make them feel that their contributions are valued, their work has a defined impact on the success of the organization, and that they have a clear path for career development and advancement.
Empagio service: connecting corporate goals to employee performance
Empagio Performance Management helps companies maximize employee productivity and minimize turnover by connecting corporate goals with individual employee performance. When individual goals, performance appraisals and compensation plans are aligned with the overall goals of the organization, employee behavior aligns with corporate goals and both employee satisfaction and productivity increase. Using Empagio Performance Management, both managers and employees play an active role in setting performance goals, reviewing performance and developing improvement plans and career paths. This gives employees both regular performance feedback and direct involvement in their performance development path, which increases job satisfaction. As a result, employee turnover is reduced while creative thinking, efficiency and productivity are increased. Empagio Performance Management offers both employees and managers a complete performance toolset, from appraisals to mentoring and targeted mentoring and coaching.
We provide the following solutions:
- Employee appraisals – employees and managers can collaboratively set, monitor and manage employee goals and performance
- 360 assessments – collects feedback from managers, peers and subordinates to give a holistic picture of employee performance
- Performance improvement plans – create, manage and monitor plans for developing employee skills and competencies
- Career development plans/career paths – develop career paths and link them to competencies and employees
- Mentoring/coaching – tools to provide employees with targeted performance improvement feedback based on the results of their assessments
To help our clients get started with Performance Management, we provide a number of services designed to help them supplement their current performance initiatives or build a holistic talent management program from scratch. A selection of our services includes:
- Career path development
- Performance improvement plan development
- Assessment strategies
- Developing competency models
Flexible and extensible
Empagio Performance Management can be used as either a stand-alone module or as a part of Empagio’s integrated Human Resource/Human Capital Management suite. For customers who chose to begin with Performance Management, adding additional Human Capital Management modules is simple. Since the suite is fully integrated, the development plans, career paths and assessments developed in Performance Management flow seamlessly into all other modules, shortening the implementation time and learning curve of additional modules and allowing you to easily extend your investment in your company’s human capital.
