5 Signs Your Business Is Ready For A Performance Management System

Gregg Greenberg

Two Businessmen in Meeting --- Image by © moodboard/CorbisThe business value of implementing an automated performance management software is significant, but it requires dedicated resources, time, and commitment to do it right. It is a big business decision to make since the process will impact everyone in your organization.

How do you know if your business is prepared to implement a performance management system? Take the quiz below to find out if your company is ready.

1. The number of employees in my organization is greater than 10 and fewer than 500. □ Yes □ No
2. My company has been in business for more than a full year. □ Yes □ No
3. My business has an established performance management strategy and process, including:
  • Performance management aligns and supports corporate strategy and company-wide goals.
□ Yes □ No
  • Managers and employees set, track and document goal plans that align with business objectives.
□ Yes □ No
  • Managers and employees monitor progress and have regular, ongoing check-in sessions for performance feedback and development conversations.
□ Yes □ No
  • Managers formally conduct performance evaluations and document performance reviews.
□ Yes □ No
  • Managers and employees make compensation, promotion, and termination decisions based on performance evaluations.
□ Yes □ No
  • Current culture encourages real-time positive and constructive feedback to support employee growth and development.
□ Yes □ No
  • Performance feedback is gathered from managers, and peers and stakeholders if applicable, as part of an employee’s development and performance evaluation.
□ Yes □ No
  • Current culture promotes recognition and rewards for employee accomplishments and performance.
□ Yes □ No
4. I have buy-in and commitment from leadership and management team to support the implementation of performance management and the related change management communications and activities. □ Yes □ No
5. I have dedicated resources to lead implementation, ongoing training and communications for the company. □ Yes □ No

If you answered “yes” to at least 8 of the 13 questions above, your business is ready to implement a performance management software specifically designed for small and medium-size businesses. It is advisable to take action on the questions you answered “no” to before you move forward with the implementation to ensure greater success.

If you answered “yes” to 2 to 7 questions of the 13 questions above, your business may not be ready to implement a performance management system yet. It is advisable to first evaluate your company’s business needs, existing HR processes and employee feedback. This exercise will help you identify the unique challenges of your company and the actions needed to formalize your performance management process before implementing an automated system.

Learn everything you need to know about performance management with the free Ultimate Guide to Performance Management eBook. Fill out the form below to download. 

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Gregg Greenberg

About Gregg Greenberg

Gregg Greenberg is the Senior Director of eCommerce at SAP. He leads a team responsible for driving revenue of SAP and SAP Partner solutions globally. His areas of focus include Quantitative Marketing, Marketing Communications and Marketing Operations: UX/UI/IA, Paid Media, SEO, Content Marketing, and Marketing Automation.