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Human Capital Management System with Focus On Performance Management Process
- 1. Proposed Human CapitalManagement System With Focus on Performance Management and Tool Recommendation Created and Submitted by Beth Gifford
- 2. Human Capital ManagementSystem (HCMS) Sourcing exceptional talent Building excellent supply chain Reduced cycle time to fill Robust On-boarding Talent Acquisition Cascaded Goals Results ROI Measurable outcomes demonstrated against goals Development plan status ROI evidence Retention increased Development Engagement Career/Succession Planning Rewards and Recognition
- 3. Performance Management ProcessSequence of Events
- 4. Overview of PerformanceReview Tool SMART - Drive execution of corporate goals Talent Engagement Performance Improvement Multiple Reviewers Continuous Improvement Deliverable Product Employee Engagement Results of SMART annual Goals and Objectives plus culmination of periodic project based reviews Employee Annual Goals and Objectives, aligned to division and corporate strategies Employee development plan, aligned to goals & objectives Project-based periodic review results Annual Review measures and results Employee profile Next steps, action plan, and follow-up requirements
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- 6. Recommended Systems Recommendation: Web-based performance management system , including: Employee Profi le Cascading Goals capability Periodic Project-based R eviews Annual Re view Multiple Reviews 360° Review capability Skills Inventory Succession Planning Annual Development Planning * NOTE: For the sake of publishing to LinkedIn, vendor names and actual recommendation of one over another have been removed Decision Matrix Vendor #1 Vendor #2 Align company goals to individual performance √ √ Organization (Corp) Goal Deployment √ √ Cascading goals - for shared accountability if desired √ √ Individual Goals and Objectives √ √ Allows periodic updates to G&Os √ √ Create Employee Profile with skills inventory √ Searchable employee profiles and skills inventory √ Create updatable employee profiles √ √ Project aligned period reviews √ √ Jounral capability for inputs throughout the year √ √ Annual Reviews √ √ Peer reviews √ √ 360 degree reviews √ √ Multi-rater feedback √ √ Core Competencies - behavior & results √ Development Planning √ Option to weight measurables √ Real-time reporting √ √ Forced Ranking (Resource Review) √ Comments can be original with tools for personalization, coaching tips √ √ Legal scan √ √ Statistical anlaysis - distribution √ √ Balanced Score Card Dashboard reporting capability √ √ Compensation planning tied to perf rating √ √ Output of annual compensation statement √ Implementation and Go-Live Training √ Scalable √ Configurable √ Web Based √ No IT support required to set up √ On-going support √
- 7. Sample Tools Strategyand goal deployment tool Distribution and differentiation analysis tool
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- 9. Sample Distribution andDifferentiation Analysis