31 March 2022: Personio, Europe’s leading HR software for small and mid-sized businesses, has launched a new Performance & Development solution to empower organisations to better develop their people, reward them fairly, and maximise overall performance. Personio does so by automating manual, time intensive performance processes to help HR teams focus on keeping and nurturing top talent – at a time when retaining great employees has never been so important.
With Personio’s latest research finding that nearly half (45%) of employees in SMEs in the UK and Ireland are planning to look for a new job in the next 12 months, and three in 10 (30%) citing a lack of career progression opportunities as one of their top reasons for leaving, it’s clear that both retention and performance management should be priorities for SMEs. But 68% of HR decision makers at SMEs say they don’t have enough time to manage people development as effectively as they would like.
By enabling businesses to digitise time-intensive performance workflows, while managing and unifying all their people data, HR operations and talent management in one central solution, Personio’s new Performance & Development solution makes talent management easier and more efficient. And, in doing so, it frees up HR departments to focus on what matters most: supporting HR teams and managers to engage, retain and develop their people.
Key features of Personio Performance & Development include Automated Performance Cycles, High-Impact Reviews & 360 Degree Feedback, Clear Goal Tracking and Centralised Training Management, and Personio will continue to develop this solution to meet businesses’ needs.
Ruth Thomas, Head of People & Organisational Development: “Employees are the single greatest asset of any company. But now, as many businesses struggle to recruit the people they need, and risk losing valuable talent to competitors, it’s more important than ever for employers to focus on retaining and developing their people. And, as employees look to progress their careers post pandemic, and businesses look to get back on track, getting performance and talent management right is crucial. With the right tools employers can cut out unnecessary admin and friction and spend more time developing and rewarding their people, helping to drive performance across their organisation.”
The new Performance & Development solution complements Personio’s existing people management capabilities across the employee lifecycle, including recruitment, onboarding, HR management and, payroll processes – all of which can be automated across tools and teams thanks to People Workflow Automation.
Find out more about Personio’s Performance & Development feature at www.personio.com/performance.
Senior Communications Manager
Tel: + 44 (0)7788163261
UK & Ireland – Firstlight Group
Tel: + 44 (0)7769618500
Personio is the People Operating System for small and medium-sized companies with 10 to 2,000 employees. Based in Munich, Madrid, London, Dublin and Amsterdam, Personio’s mission is to make HR processes as transparent and efficient as possible so HR can focus on what matters most: people. Personio does that by offering an all-in-one HR software that includes human resources, recruiting and payroll, enabling HR to go beyond HR. Thanks to People Workflow Automation technology Personio helps more than 6,000 customers across Europe to remove delays and realise opportunities.
In October 2021, Personio received Series E funding, valuing the company at $6.3 billion. This not only makes Personio Europe’s most valuable HR tech company but catapulted it into the top 10 of Europe’s most valuable startups.