HROnTips – An AI-Based And Features Rich Performance Management System

• Oct 16, 2020

It's an old saying that modern problems need modern solutions. The challenges that are prevalent in present times were something that one could only imagine in the past. This forward-moving and technology-oriented time is demanding to gauge and mold everything at par with the technology. The same is the case with human resources or employee management systems. Now days are gone when the performance of employees was gauged as a part of their assessments. In this connected world, both employees and employer stakes are inter-connected. So, in this paradigm, performance systems need to be changed from performance measurement systems to performance development systems. But to do so, technology inclusion is inevitable.

The introduction of artificial intelligence (AI) into the realm of performance management is changing the game. Performance Management Systems are evolving past the typical appraisal form that's conducted every few months. People want to have access to data in real-time. Imagine a workplace where two of the employees, John and Michelle, both possess a set of useful skills. However, Michelle is performing great whereas John’s performance is on the decline. Managers should be able to analyze their performance trends and compare the trends against each other.

What if managers could also analyze employee happiness? If managers were able to look at John and Michelle's happiness and compare it to their performance, some of the underlying issues may be revealed. If Michelle is reporting that she's happy and her performance is going up, but John is reporting that he's unhappy and his performance is going down, managers can see this issue. They can then decide what should be the next steps. What if they could also analyze these things based on which manager Michelle and John are working under? What if John's performance is only poor when he is working under a specific manager? Then, the issue can be addressed and dealt with appropriately.

These types of specific analyses and comparisons can be done using HROnTips, an AI-powered performance management system. But first, we need to understand what makes this performance management system exceptional.

Characteristics of an Exceptional Performance Management Systems

• KPI/OKR Based : Performance management systems run on the KPI/OKR basis where stern performance tracking and measurement processes help in monitoring the goal status, assist in the performance enhancement, and set clear performance expectations. Moreover, such systems also help companies to align their processes with strategic objectives.
• Continuous 360° Feedback : With 360° feedback aspect, algorithms can help companies with the appraisal process, anonymous feedback, feedback from the managers or peers, along with regularly scheduled feedback events. Employees should be able to receive feedback on a continuous basis, not just once every few months.
• AI Trend Analysis : The AI trend analysis enables companies to get into comprehensive compare and analysis mode through tracking progress over time, analyzing employee performance, and comparing the performances on the department and peer basis. Based on this, trends are obtained which can subsequently be used to formulate performance predictions.

HROnTips Performance Management System

HROnTips Performance Management System is a technology-driven modern performance management system which aims to enable companies to measure and develop the performance of employees. Moreover, with the help of insightful trends and AI analysis, companies are in a better place to make bold and timely decisions. The following are the key features of HROnTips:

• Goals and Targets : It enables companies to get into KPI and OKR management, where goals can be defined along with their regular monitoring. Moreover, this tool also enables companies to integrate their strategic goals.
• Performance : It facilitates companies to evaluate employee performance as per respective goals and competencies.
• Feedback : It allows companies to have a 360° degree view of the employee performance by conducting custom as well as random feedback sessions in an intra-team and inter-team fashion. It also provides employees and managers with the ability for continuous feedback.
• AI in Action : It provides clients with an insightful report where they can assess the department and peer-level performance. With an illustrative dashboard, it becomes very easy for the managers to track their teams and set more realistic and better goals.
• Evaluations : Besides facilitating higher authorities of companies, it also allows employees to check their performance. If they find any discrepancy or want to say something, they are always welcomed to leave the feedback.
• PIP Goals and Ratings : Comprehensive Performance Improvement process with PIP Goals and Ratings. Print and distribute automatically generated custom Performance letters. Use the appreciate wall to give Kudos and boost employee morale. Manage Automatic bonus and rewards based on the performance.
• Employee Wellbeing : With the AI companion, employers can keep a check on the wellbeing of their employees through an interactive emoji indicator. With this not only do employees feel valued but the employers also get to engage in a profound manner using behavioral quick links.

With HROnTips and its above-mentioned top-notch features, managers can effectively understand where their employees are lagging. So, for the above example of Michelle and John, HROnTips enables managers to understand John's situation. Is John being flooded with a lot of work or is he well enough to perform his duties?

With HROnTips, managers get these answers in real-time and right at their fingertips. They then can rectify the issues to make sure that John and all other employees can perform at par with their skill sets.