Performance

PerformanceThe MindKey Performance Management solutions empower you to operationalize Target Management based on strategy. The solution is ideal for anchoring strategic decisions in the organization, create a sense of ownership at all levels and provide added perspective and progress to Target Management. Once Performance Management has been put to a system and implemented, it supports the forming of a performance driven culture, that motivates individuals to perform and generate results. The foundation for rewarding performance is created in the process, due to an added coherence between strategy, values and the Employee Targets, resulting in improved bottom-line results and the ability to sustain highly skilled - and performing employees.

Individual Performance Management is a powerful instrument for adding focus to change processes and for delegating clear responsibilities within the organization. For example, where change is required for motivational purposes, you can attach the overview of activities from the yearly Employee Survey to each manager or you can reward project managers according to results and efforts.

Performance Management includes.

  • Strategic targets for the organization, departments, managers and horizontal responsibilities
  • Budgets for periodic Strategic targets
  • Functions that duplicate and distribute budget entries
  • Chart of realized targets including deviations and compliance rate
  • Integration is prepared for budgets and realized numbers from external systems
  • Individual Target Management for managers and employees linking to Strategic goals
  • Target description from Target templates including weighting to individual targets
  • Maintaining target catalogues for optional targets
  • Adjustment options for ongoing targets
  • Performance evaluations for managers and employees
  • Evaluation function, including a full overview of suggested corrections to Performance evaluations, salary, jobs/seniority and Performance based salary
  • Integration is prepared for MindKey output into salary systems, based on the results of the evaluations
  • Compensation Management, including fixed- as well as variable salaries
  • Management of the 360 degree evaluation process
  • Scorecard, trend analysis and reports of Strategic goals and individual targets with the opportunity for comparison
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