Linking Employee Performance with Corporate Goals
Corporate Leaders are responsible for business strategies that ensure the success of the organization. In order to accomplish goals and implement new initiatives, senior executives must rely on the performance of each division, team, and individual employee to turn objectives into actions. It is essential that corporate and employee goals are solidly aligned.
TEDS Performance Impact – the ultimate performance management tool – helps organizations build and manage the workforce that their business strategies require. Now you can easily tie
Important Benefits for the Organization
Enhanced Strategic Alignment - When employee performance goals are tied to business initiatives, everyone in the organization has a stake in the ultimate success of the company. More Effective Human Capital Management – Companies that identify, track, train, and reward the strongest performers are more likely to have the right people in the right jobs in the shortest amount of time.
Optimum Talent Management Planning – With TEDS Performance Impact, managers can identify employee competency gaps and close these gaps to achieve business goals. Greater Administrative Efficiencies – By automating such functions as goal setting, 360-degree reviews, and performance appraisals, managers can spend their time on more strategic endeavors.
Reduced Risk – TEDS’ objective and standardized approach to the performance appraisal
process creates a valuable record of compliance creates a valuable record of compliance with
EEOC, ADA, FDA, FTC and other regulatory agency requirements.
Important Benefits for ...
Employees and Managers:
- Manager dashboard for to prompt critical actions
- Goal setting and management for both results-based and behavior-based goals
- Wizard-driven creation of performance plans and reviews
- Revision of individual career goals as business conditions change
- Design and management of employee development plans
- 360-degree reviews for learning assessments
- Viewable data across the organization
- User-definable assessments and survey rating pools and attribute pools
- Coaching notes
Personnel Representatives:
- Ability to monitor progress on organizational goals, performance, and assessments
- Ability to review performance summary data
Administrators:
- Common data repository links to other TEDS modules including competencies,
compensation and curriculum - Extensive security for assigning user privileges , user name and password protection,
and data repository security
TEDS
Performance Impact is a central component of TEDS’ suite of seamlessly integrated,
single-platform software solutions. With our modular Web-based system, your organization
can implement this performance management system alone or in tandem with one or more
complementary TEDS solutions.
TEDS
has operated on the leading edge of human capital advances since the company created
the first Learning Management System (LMS) in 1991. Our products and services empower
senior managers to plan, develop, and optimally deploy human capitol across the enterprise.
Understanding TEDS Performance Impact
Performance Impact integrates with learning, curriculum, roles, tasks, competencies, recruiting, staffing and compensation. Corporate initiatives can be tied to development plans, and numbers and skill levels of employees required to close gaps
Understanding Business Initiatives
Business initiatives are goals that are set for an entire organization or for a division or department within the organization. Business initiative management enables organizations to specify goals that are then linked with their own hierarchies. Each level in the hierarchy can then tailor the goal for its division.
Figure 1-1:
Overview of TEDS Performance Impact. Although organizations may choose to implement only portions of TEDS Performance Impact, the various functions may work in conjunction with one another through various interactions.
Notes on Fig 1-1
- 360-Surveys provide users tools to measure themselves on RTC performance.
- Performance Plans/Goals can inspire development plans.
- Development plans enable users to plan development to increase proficiency.