Performance reviews and feedback meetings keep evolving just as your employees do. However, if performance appraisals are documented manually, at several different locations or irregularly, this is neither efficient nor helpful or even compliant with data protection regulations. We have a better idea.
Performance Management Software
Personnel Development with Tangible, Company-wide Benefits
Freely Definable Performance Indicators
Not all employees can be measured by the same yardstick. Define individual goals and targets for each employee, or reuse predefined ones.
Flexible Target Agreements
Define monthly, quarterly or annual goals and targets for each employee, choosing from any number of qualitative and quantitative performance indicators.
KPI-based Bonus Calculations
Calculate bonus payments based on predefined target agreements and link agreements with performance reviews and feedback meetings. Personio calculates pro-rata bonus entitlements and automatically transfers bonus amounts to preparatory payroll accounting.
Efficient Performance Management with Personio
A performance management system is an indispensable tool for companies of any size. Detailed employee assessments ensure that you are able to deploy available resources with optimal efficiency. Assessing employee performance is particularly important for defining targeted development initiatives and supporting employees in their continuing professional training.
This type of performance management system does not have to be time-consuming. By using HR and performance management software such as Personio, you can develop your own performance management indicators and define target agreements jointly with your employees as part of performance reviews. Use digital notes for keeping a record of specific events in between reviews. In this way, you ensure that they are not forgotten and all of the information you need will be at your fingertips for the next review. If your target agreements are tied to bonus payments, simply enter employees’ results into Personio. The software then automatically calculates employees’ entitlements, if they meet the agreed targets, and transfers relevant data to payroll accounting.
Consistency Pays Off
Once you have standardized the processes and criteria for assessing employees’ performance and conduct, every subsequent evaluation will take less time. Yet the benefits of a performance management software will increase cumulatively, as the more comparative data you have, the better you are able to assess your employees’ performance.
Read our article on employee assessment to find out when best to review performance, what to assess and what criteria an objective employee assessment should meet.
How to Define KPIs in Personio
Personio provides for three types of indicators to be defined for performance management:
Binary indicators with two defined options, for example ‘CPD event attended’ – yes or no Quantitative indicators, i.e. directly measurable indicators such as sales targets
Qualitative indicators, i.e. not directly measurable indicators such as employee satisfaction
You are free to define whether and to what extent each KPI affects the bonus calculation for the selected period. You can enter bonuses manually in the Performance section of the employee profile, or have them calculated automatically, based on the extent to which the targets defined and stored in the Performance section have been reached. Personio automatically adds the relevant bonus to the salary. You define when this is to be done, for example at the end of a period or at even intervals across it, on an individual basis.
How Much Leeway Do You Have to Improve Your HR Management?
Personio supports you in all of your HR processes, from managing applicants or vacations to payroll accounting. Receive a free Test-Account or find out in our 20 minute Webdemo which processes you can optimize through the use of more efficient software.
All in one Place
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Applicant Tracking System
Keep an eye on all candidates, open positions and feedback from colleagues. Minimize your time-to-hire and make objective decisions.learn more
Personio helps small and mid-sized companies plan and implement their onboarding processes in a structured manner – all in the interest of seamless cooperation.learn more
Digital Employee File
With digital employee files, HR Managers can pull up all relevant information at the click of a button at any time.learn more
Forget about complicated Excel spreadsheets, manual calculations and stressful end-of-month pay runs and let Personio take care of all your payroll accounting at the click of a button.learn more
Give your employees access to the documents they should be able to see while secure in the knowledge that the documents you need will be at your fingertips at any time.learn more
User-friendly entry forms prevent mistakes, while smart background operations reliably calculate correct aggregate working hours. Fully customizable.learn more
Do away with Excel & Co. for recording and managing annual leave, sick leave and other types of absences.learn more
Store your employees’ individual target agreements in Personio and implement standardized processes across departmental boundaries.learn more
Personio facilitates transparent, streamlined processes to ensure standardized performance appraisals.learn more