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Performance Management

성과 관리

📋 Definition

정의

Comprehensive performance management systems enabling goal setting, continuous feedback, performance reviews, development planning, and analytics to improve employee performance and align with organizational objectives.

💰 Revenue Model

수익 모델

Monthly fees of $5-15 per employee based on features, with implementation costs, manager training, and optional coaching services.

📊 Key Performance Indicators

핵심 성과 지표

🏢 Key Players

주요 플레이어

Lattice, 15Five, 성과관리

❓ Frequently Asked Questions

자주 묻는 질문

What is performance management software?

Performance management software is a comprehensive platform that helps organizations track, manage, and improve employee performance through goal setting, continuous feedback, performance reviews, and development planning.

How does performance management differ from annual reviews?

Performance management is a continuous, year-round process involving regular check-ins, goal tracking, and feedback, while annual reviews are one-time evaluations. Modern performance management emphasizes ongoing development rather than retrospective assessment.

What are the key benefits of implementing performance management software?

Key benefits include improved employee engagement, better goal alignment with company objectives, increased transparency, continuous development opportunities, reduced bias in evaluations, and data-driven insights for talent decisions.

How long does it take to implement a performance management system?

Implementation typically takes 4-12 weeks depending on company size and complexity. This includes system setup, manager training, customization of review cycles and competencies, and employee onboarding.

What is the ROI of performance management software?

Organizations typically see 10-20% improvement in employee retention, 15-25% increase in productivity, and reduced time spent on reviews by 50%. The ROI is realized through better talent retention, improved performance, and reduced administrative burden.

How do you measure the success of a performance management system?

Success metrics include review completion rates, goal achievement rates, employee engagement scores, manager adoption rates, reduction in time-to-productivity for new hires, and correlation between performance ratings and business outcomes.

What are best practices for implementing performance management?

Best practices include securing executive sponsorship, training managers thoroughly, starting with pilot groups, focusing on continuous feedback over annual reviews, aligning individual goals with company objectives, and regularly collecting feedback to improve the process.