Description of Performance Management
Employee performance management with the SAP® ERP Human Capital Management solution helps you effectively plan, assess, optimize, and analyze the performance of your workforce. You can set individual objectives by cascading your enterprise strategy, assess performance through appraisals and feedback, and reward your employees accordingly.
The solution is highly adaptable, allowing you to tailor the content of performance feedback documents and processes to the needs of your organization
Business Challenges
•• Maintain agility during corporate realignments
•• Retain skilled employees
•• Identify top performers and those with high potential
•• Increase employee productivity
Key Features
•• Goal setting – Align team and individual goals with corporate goals
•• Performance appraisal – Support managers in calibrating team performance
•• Development planning – Identify skill gaps to plan for employee development and training
•• Pay for performance – Link performance management with compensation management
Business Benefits to Organization
•• Achieve corporate goals by monitoring workforce progress toward broader objectives
•• Increase workforce productivity through individual feedback and targeted development
•• Improve execution of enterprise strategy by helping every employee understand and act upon organizational objectives
•• Support employee development through consistent and efficient objective-setting and appraisal processes
•• Increase employee morale and retention through individual development plans, fair and consistent feedback, and performance- based compensation
•• Develop deeper talent bench strength through identification, management, and cultivation of high-potential and top performers
•• Speed time to value by implementing a streamlined process based on best practices enabled by a configuration wizard
