PERFORMANCE IMPACT™: Linking Employee Performance with Corporate Goals
Corporate leaders are responsible for establishing or modifying business strategies to ensure the success of the organization. But when it comes to implementing new initiatives or goals, senior executives must rely on the performance of each division, team, and individual employee to turn objectives into actions. It’s essential, then, that corporate and employee goals are solidly aligned.
TEDS Performance Impact (PI) helps organizations build and manage the workforce their business strategies require. With this performance management tool, you can tie corporate initiatives to employees’ career goals and learnings, and monitor achievement throughout the enterprise.
Important Benefits for the Organization
Enhanced Strategic AlignmentWhen employee performance goals are tied to business objectives, everyone has a stake in the ultimate success of the company.
More Effective Human Capital Management
Companies that identify, track, retain, and reward the strongest performers are likely to have the right people in the right jobs at the right time.
Improved Talent Management Planning
With Performance Impact, managers can identify the gap between business goals and outcomes, and define the numbers and skill levels of employees needed to close the gap.
Greater Administrative Efficiencies
By automating such functions as goal setting, 360-degree reviews, and performance appraisals, managers can spend their time on more strategic initiatives. Additionally, revisions to any Performance Impact field are automatically updated throughout the entire TEDS Talent Management suite.
Reduced Risk
Taking a more objective, standardized approach to the performance appraisal process creates a valuable record of compliance with EEOC, ADA, and other regulatory requirements.
Performance Impact Features
For Employees and Managers• Goal setting and goal management for both results- 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 assessment
• Access to flexible data hierarchies to serve a wide range of organizational needs
• User-definable assessment and survey rating pools and attribute pools
• Coaching notes
For Personnel Representatives
• Ability to monitor progress on organizational goals, performance plans, and assessments
• Ability to review performance summary data
For Administrators
• Common data repository links to other system modules, including competencies,
compensation, and curriculum
• TEDS extensive security for assigning user privileges, user name and password
protection, and data repository security