Performance management is one of the most important functions of the human resource department. HR personnel closely work with key people of every department to assess employee performance for the betterment of the staff as well as the company. Today, the HR department of most companies use performance management software to streamline this function.
What makes performance management software useful? There might be many answers to this question, but one factor that remains constant is the software’s features. Features undoubtedly determine the usefulness of performance management software. All performance management software offer a set of features that can help an organization achieve its performance goals.
While choosing software for performance management, an organization must consider the features that they require. Mentioned below are eight features to look for in performance management software. These features can help an organization improve its overall performance and productivity.
Features: The backbone of any performance management software
Top HR performance management software
The features mentioned earlier play a significant role in ensuring the efficiency of a performance management software. Therefore, as a small, mid-sized, or enterprise-class business, it is important to learn about as many performance management software as possible that will deliver the desired outcome.
Given below are seven popular HR performance management software.
Performance Pro by HR Performance Solutions
Performance Pro is a cloud-based performance management and appraisal solution ideal for companies with a strength of 50–1000 employees. This software allows users to promote performance management practices while focusing on employee development, coaching, pay-for-performance, and goal or strategy alignment.
Performance Pro offers a free demo to companies. The price of their software starts at around $16.00 per year per user. Additionally, their team provides extensive training through documentation, webinars, live online chatting, and in person interaction to ensure compatibility.
This performance management software provides features like 360-degree feedback, applicant tracking, compensation management, onboarding, performance management, and recruiting management.
Companies from the following industries use Performance Pro:
Performly Talent
Performly Talent is another cloud-based performance management software. Performly is innovative and has an interface that allows companies to adopt technologically advanced performance management practices. Thus, it can help an organization utilize their human capital productively.
As far as the competitive edge is concerned, Performly’s performance management features are based on the latest trends, which makes this brand slightly different from others in the market. Additionally, companies that believe in constant productive feedback can rely on Performly as it provides continuous feedback while focusing on the business objectives and results.
Performly Talent has a customer base that comprises of a diverse set of companies from different industries across the globe. Some key companies that use the software are into the following industries:
BirdDogHR
BirdDog HR focuses on the performance of an employee from the day they join a company by engaging with them from the start. Companies from all industries including federal contractors, technology, manufacturing, and financial services can benefit from this performance management software.
BirdDogHR comes with over a dozen features while retaining its user-friendliness. Some key features include employment branding, goal monitoring, skill development, gap identification, scorecards, knowledge management, and performance management.
BirdDogHR has received great satisfaction ratings from companies like Zachry Group, Leopardo, Bison, SpawGlass, and more. Some other companies that use BirdDogHR belong to the following industries:
TowerMetriX
Communication is key when it comes to productive feedback. TowerMetriX provides tools for performance management as well as a comprehensive set of communication capabilities that can help an organization maintain an open communication channel between the employees, managers, team leaders, and more. An efficient communication channel can lead to the empowerment of teams within the organization and increase transparency among employees and their managers.
Furthermore, to make the most of any given performance management software, companies need to focus on continuous learning and employee growth. Features that come with TowerMetriX enable a company to consistently pay attention to all aspects of learning and growth.
Some customers of TowerMetriX include Derry Township School District, Helios HR, Meadows Casino, and The Rhodes Group. Some other industries which employ the services of this HR performance management software are:
Workday Human Capital Management
Workday offers performance management under its Human Capital Management suite. It provides organizations with real-time insights, predictive analysis, and global visibility. One of the best features of this software is its ease of use as most of its tools are self-explanatory. Easily fetchable embedded reports is another feature of this software that allows users to analyze employee performance.
Additionally, organizations can be sure that the information they enter in the software remains secure as Workday partners with the most reliable and secure providers of data-centers.
Some popular companies that trust Workday’s enterprise cloud suite for performance management include Netflix, Hewlett Packard Enterprise, Sanofi, Abbott, Bank of America, and TripAdvisor.
Workday has a customer base from many different industries like:
TalentGuard Performance Management
This HR performance management software is designed to help small and mid-sized organizations assess, manage, develop, effectively lead, and reward employees. Additionally, the software offers services where the management can evaluate employee performance based on their competency, role-based skills, their development goals, and career objectives.
An interesting fact about TalentGuard Performance Management software is that its design allows the user to create customized assessments that specifically focus on behavior, career and succession paths, job responsibilities, and development plans.
Some of the companies that use TalentGuard’s performance management software include Central City, Endsight, INTEC GROUP, Shaw Sports Turf, Vertech, and more.
TalentGuard has a customer base from many different industries such as:
SAP SuccessFactors
This performance management software created by SAP is designed keeping in mind the comprehensive needs of small and mid-sized businesses. The same software can be used by enterprise-class organizations as well.
SuccessFactors helps an organization with talent solution, collaboration, streamlining core HR functions, and workforce analytics. Thus, it can collectively improve and manage the overall performance of an organization. Furthermore, SuccessFactor throws light on the biggest challenges the organization faces and provides end-to-end integrated business solutions to those challenges.
Some popular companies using SuccessFactors are Accenture PLC, Aasonn LLC, Love’s Travel Stops & Country Stores, Cascades Inc, and ARM Holdings. Industries that use SuccessFactors are mentioned below.
Each software mentioned above has its own unique selling point and advantages that cater to a given type of organization. Reading the feedback and testimonials of customers can help an organization make a buying decision.
A look at the pros and cons
Learning about the advantages and disadvantages of performance management software is just as important as knowing about their features. Therefore, here are a few pros and cons of utilizing a performance management software that will help an organization make a sound decision:
Pros
Cons
Trends in performance management software
Trends are important in the world of business. Companies looking for performance management software should be well-versed with the latest trends to ensure they stay ahead in their game. Below are seven performance management trends that every company and software maker should know about.
The take-back
Performance management is critical for the success of any organization. Therefore, every organization must put a lot of thought into choosing a software for managing the performance of their employees.
It is important for companies to learn more about the latest trends and predictions related to performance management software. Additionally, looking for features that follow these trends will help a company stay ahead of its competitors by ensuring optimal employee performance.
Managing a dealership is a demanding job. Several aspects need to be taken into consideration to run the business smoothly and effectively. Using business management software such as a dealer management system (DMS) can help ease this process. Efficient DMS can assist you in effortlessly managing different aspects of your business through unified software. This includes pre-sales, sales, purchases, post-purchase, financial accounting, inventory management, CRM, human resources, and more. Read on to learn more about DMS.
What does a dealer management system do?
The main objective of a dealer management system is to ease operational tasks and enhance operational efficiency. It takes the load off of excessive paperwork by streamlining and providing a centralized location for all your important data. A good DMS will also improve communication across different departments within your organization, encouraging better business awareness for your employees.
Dealer management systems can help you with the following:
Inventory management
This is a crucial feature for dealerships with large inventories. It can help you store records in a single location and retrieve them at the click of a button. It can also help you monitor your expenses for reconditioning and flooring and provide industry-standard book values.
Customer management
Instead of looking through physical records for each of your customers, a DMS can help you store and access customer data more smartly. Some software also allows you to call or chat with your customers in real-time. These software applications are generally equipped with features that allow you to record conversations and categorize your contacts to easily follow your leads.
Accounting
DMS can help you automate all your accounting tasks, such as inventory, point of sale, and transaction costing. This will enable the quick generation of financial reports that can be shared with the rest of the team. It can also help you develop an operational budget, monitor performance, and analyze the profitability of every aspect of your business.
Service management
Your DMS can also help you organize and manage the dealership’s service schedule to help you meet deadlines. It can help you streamline the service write-up process, schedule service work to maximize billable hours, allow your team to clock in and out easily, and make repair and warranty claim handling easier.
Features to look for in a dealer management system
The goal of an effective DMS is to improve your service capabilities while offering a great experience for your customers. While all businesses do not operate in the same manner, here are some standard DMS features that every business could benefit from:
Inventory management
Integrated accounting
POS and retail management
Reporting tools and analytics
Customer relationship management (CRM)
Service scheduling and productivity tracker
Repair order and billing estimates
Deal structuring, forms, and contracting
Lead management quoting
If you are keen on a DMS that offers more, look for the following features:
Multi-location management
Embedded text messaging
Slips and storage management
Cloud hosting
Employee training
IT support
Price file updates from major manufacturers and distributors
Availability across major phone/computer operating systems
Integration with third-party solutions (such as CRM, ERP, Chatbots, RMA reporting, and smart search features)
Prices for dealership management software can vary depending on the features offered, setup fees, number of systems installed, inventory list, and other factors.
Tips for choosing the right dealer management system for your business
If you’re in the market for a new dealer management system for your company, following these tips can help:
Prioritize the list of features
Classify all the features into three categories: needs, wants, and nice-to-have. This will help you prioritize your requirements and choose a DMS that is suitable for your business.
Needs
These are the non-negotiable features that a potential DMS must have. It may include inventory, unit tracking, sales, management, scheduling, accounting, etc.
Wants
Although these are not crucial for the functioning of your business, these features can help improve efficiency and provide insights. Some common features companies want include CRM, sales pipeline management tools, automation tools, sorting, report generation, and third-party integrations.
Nice-to-have
These may be considered frill features by many. While they can help improve your experience with the DMS, you can also comfortably continue your operations without them. Some nice-to-have features include training tools, mobile functionality, internal communications, cloud-based software options, and accessible customer support.
Create a list of vendors
This can help you find the right vendor for your business. Create a list of vendors that meet your priority list. You can scour the web for businesses, speak to your friends, colleagues, and acquaintances for suggestions, check industry publications, read online review listings, or even post on a public forum. Once you have a list of potential vendors, it is time to start shortlisting.
Request a demo
Conduct a thorough vetting of your list of vendors. You can reach out to their contact person and ask for more details to make an informed decision. Request a demo session once you have shortlisted two or three potential options. A formal demo session with the vendor can help you fill any remaining gaps in your knowledge about their offering and ensure the provider meets all their claims.
Once you have finalized your vendor, it’s time to make a proposal. The ideal DMS will help you streamline and support your business as you scale it to greater heights.
When it comes to printing, some mistakes can prove more costly than others. It is important to learn to recognize mistakes early and correct them so that you can get the best quality prints. From leaving the right margins to choosing the correct print quality, being aware of minor details can help. Here are four common printing mistakes and ways to avoid them, so you get a quality print each time.
Not creating bleeding space
Even though machines have become far more precise in cutting artwork to its intended size, you may still find 1-2 mm of inconsistency. Not adding bleeding space will result in a thin white border around your artwork. To rectify this, create a bleed or extra space of 5 mm around your image, so even if the paper moves, there won’t be any white space on the print.
Printing in RGB
If you’re wondering why your print doesn’t match the colors on the screen, it may be because you are printing in RGB color mode. Artworks and documents set in RGB are meant for digital viewing, whereas those set in CMYK are meant for print. To avoid this error, ensure that the color mode of your design is set to CMYK.
Typos and errors
Grammar, spelling mistakes, missing fonts, and smaller font sizes can hurt your print’s appearance. Documents with these errors can appear unprofessional or even illegible. To avoid this, set the smallest font size of the document to at least 6 pt. You can rasterize or convert your text to a Smart Object, if you are using Photoshop, or to outlines, if you are using Illustrator. Proofread your document several times. You can even ask a friend to do it for you, or use an online spell check program to avoid any spelling mistakes and grammatical errors.
High ink coverage
Images that require too much ink to print can cause the paper to bruise or wrinkle since the paper’s ink absorption capacity is limited. Avoid this mistake by using a preflight tool to check the ink coverage of your artwork. This tool checks which images require too much ink to print, so they can be edited accordingly. You can also opt for preflight tools that are specially designed for lowering the ink coverage of an image.
It’s important to remember that there is always space to make edits while printing. Double check your work before printing or sending them to a printing shop to get the best quality prints each time.