Performance Management is an organization’s capacity or capability of developing the human resources of an organization to achieve their goals to not only keep up with the competition but to outshine their competitors.
The performance appraisal is defined as the process in which an organization defines responsibilities and assesses the performance of individuals or teams as a measure against performance standards set by the organization.
Companies were using the Traditional Performance Management System for long but faced several challenges and problems.
Team conducted a thorough research on the past two years performance documents and provided consulting on the process, technology, and performance content. The TOTAL REWARDS PROGRAM solution implemented by Ihits had following features:
TOTAL REWARDS PROGRAM of Ihits has been used for last 1 year, and they have seen significant benefits. Not only several challenges were met, but the employee experience and productivity also improved. The management could get clear insights on the organizational talent. Here are some of the key results: