The tool also collates continuous feedback from the stakeholders from e-mail interactions and other sources.
Chennai: Annual employee performance assessment can become a thing of the past, with new-age companies going for periodical assessment and continuous feedback.
Aided by technology tools, continuous assessment of the entire team is no longer an arduous task for the human resource (HR) managers. “The annual assessment often makes the employees feel that the performance and appraisal are separated far away in time. When the assessment is closer to the work, the company can judge better and the employee too accepts it. Hence hardly a dispute arises,” said Akchansh, CHRO, Transsion.
According to him, companies are moving towards a system that helps them assess the work of employees more periodically. It could be monthly or quarterly depending upon how fast the work can be assessed. Continuous feedback of stakeholders also form part of this assessment system.
“Almost 15 to 20 per cent companies would have moved to this system and these are largely IT and ITeS companies as well as technology startups. New-age companies are adopting this much faster than traditional ones,” said Siddhartha Gupta, Chief Revenue Officer, Mercer- Mettl.
Mercer-Mettl is one of the talent assessment service providers who have come up with technology solutions that make periodical 360 degree assessments easier for companies. These tools will have key performance indicators based on the competencies needed for each job. The tool also collates continuous feedback from the stakeholders from e-mail interactions and other sources.
“Periodical assessment helps faster course correction and aligns the employee with the goal of the company in a better way. The KPIs are well-defined and hence there are less chances of dispute,’ he said. It eradicates doubts about manager bias, inculcates the habit of providing and receiving feedback instantly, provides opportunity to unlearn and learn and offers clarity on the next level of responsibilities, added Krishna Prasad, Head HR- APAC, Skillsoft.