SAP SuccessFactors exceeded 1,000 customers using its continuous performance management (CPM) functionality for employee performance management in just two years since its launch.
Transforming Employee Performance Management
The continuous performance management (CPM) capabilities are delivered as part of the SAP SuccessFactors Performance & Goals solution. The exceptional adoption of this functionality demonstrates how companies around the world are transforming performance management to increase employee engagement and boost retention.
“If you want to create a high-performing organisation that beats the competition and drives innovation, optimising performance management is the first step,” said SAP SuccessFactors President Greg Tomb. “In today’s competitive labour market, checking in with employees once a year is no longer enough. Our continuous performance management capabilities enable organisations to focus on forward-looking development and driving high performance by encouraging frequent coaching and feedback between managers and employees.”
Turning Purpose into Performance
Continuous performance management helps improve employee engagement and overall workforce performance by facilitating informal check-ins and more continuous dialogue between managers and employees. With this ongoing approach, managers have increased visibility into employee activities and achievements continuously, enabling them to provide coaching and guidance when it is relevant. Employees also may give and receive feedback at any time, to or from anyone in the organisation. This modern, mobile-enabled approach helps foster happier, more engaged employees and higher performance that is aligned to business goals and strategies. At the same time, it helps create vast efficiencies in the annual review process.
“It is important to have continual dialogue with employees to ensure they are not only meeting their objectives but are also engaged and challenged,” said Danielle Tweedie, Global HRIS solution owner at Arla Foods. “With our reimagined performance management process enabled by SAP’s innovative technology, our business aims to advance its performance and development culture, where objectives are aligned to business strategy yet customised to each colleague.”
SAP SuccessFactors solutions help bring organisations’ purpose to life and put more meaning into people’s work, creating engaged workforces that improve both performance and profit. The industry-leading SAP SuccessFactors solutions help more than 6,700 customers around the world turn purpose into performance.