Performance Review Tracking and Management (PRTM)

Overview

A company's absence of a performance review process can have detrimental effects on the business. Without regular evaluations, managers may struggle to identify areas for improvement in employee performance and productivity may suffer as a result. Additionally, without evaluations, managers may not clearly understand employee strengths and weaknesses, making it difficult to make informed decisions about promotions, bonuses, and other incentives. This can lead to employees feeling undervalued and result in low morale and high turnover. Without clear expectations and goals set for employees, there can be confusion and lack of direction among the workforce, leading to poor performance and lack of engagement.

Performance evaluations are a critical aspect of any business, they provide a structure to appraise employee performance, identify areas for improvement, and set objectives for future growth. Companies without performance evaluations miss the opportunity to gather valuable data and insights that can inform decision-making and improve organizational efficiency. Overall, not having a performance review process can cause a number of issues that negatively impact the company's performance and productivity.

Key Features & Functionality

• Manage performances reviews
• Easy tracking of the process of the performance review
• Create custom templates for a Performance Review
• Intuitive task management for all users
• User's dashboards for displaying relevant information
• Handle annual, bi-annual, and interim performance reviews
• Cancel and reschedule a performance review when needed
• Summary view for a performance review

Benefits & Business Impact

The Performance Review Tracking and Management (PRTM) app provides a more efficient and accurate way to conduct performance evaluations, resulting in better outcomes for the business. The PRTM app enables managers to conveniently create and distribute review forms, schedule evaluations and monitor progress throughout the review period, eliminating the need for manual data entry and tracking, and saving organizations time and resources. Additionally, it can also provide valuable insights, which can help managers identify patterns and trends in employee performance. This information can be used to make informed decisions about promotions, bonuses, and other employee incentives, resulting in improved performance, employee engagement, and organizational productivity.