Performance Management
The MindKey Performance Management system combines technology, process and people through all stages of the Management cycle from strategy, planning and budgeting and to evaluation and development. This Integration of Strategy, Discussion Management and Competence Management ensures a holistic approach to value creation that supports the making of a Performance driven culture.
Performance Management is an instrument for managers and employees, to document the agreements that are made, usually in the context of reviews. Targets can be set up as Performance measuring points, which can be adjusted continuously and assessed finally. Target evaluations provide objective input for Compensation- and Career discussions as well as for Succession Planning. Managers gain a valuable instrument for monitoring employee Performance evaluations, and the discussions that are a part of Performance Management can be documented and implemented continuously.
Examples of Performance Management
Key Functions
- Different types of targets with templates for Performance targets such as SMART goals
- Target Catalogue for automatically generated Performance targets connected with jobs and positions
- Performance targets, that are connected to Strategic goals, including description, level, priority, time frame and activities
- History and Change management for targets
- Efficient follow up and evaluation of progress
- Manager´s overview of all employee Performance targets, progress and results
- Workflow support of the entire Performance process starting with the approval of new targets and completed by the yearly review
- Target evaluation, including the opportunity for Performance evaluations of managers and employees with comments
- Reports and analysis from the initial planning to the final attainments
