What and who keeps track of employee performance without missing any important necessary information? Most people think that is HR “human” staff only. However, they can’t get it done without the help of technology as performance management is a long and complex process. Here’s the truth: There’s always custom software development behind every successful HR management.

If you want to learn more about custom HR software development, this guide is for you. But before that, you might love the following statistics. 

1. Statistic 

According to recent studies, performance management is a significant aspect for both businesses and employees. For businesses, tracking performance helps them to timely update employees’ work and give timely feedback. Employees can reflect on their work through performance reports and know what the next steps are in order to make progress toward their career path. 

The following statics can uncover some insights into how important performance management can be. Have a look!

1.1 83% of employees truly appreciate receiving feedback about their work

Regardless of whether it is positive or negative, most employees really appreciate receiving feedback from their managers. Based on that, they can know which area they should keep it up, and which area can be improved. 

1.2 Only 2% of businesses think that performance management is not important

In other words, the remaining 98% think performance management plays a vital role in their business. And yet, under two-thirds (64%) say they have the right approach to it. Understanding the importance of performance management is one thing, but knowing how to do it right is another.

83% of employees truly appreciate receiving feedback about their work

1.3. Only 5% of managers are happy with traditional performance management reviews

According to TruQu statistics, about 95% of human resource managers admit they are not satisfied with traditional performance management and think that there’s room for improvement. That’s where custom software development could come in and bring the benefits. 

2. Performance management challenges in 2023

A poor performance management system will cost your business a lot of money. Additionally, it might be one of the quickest ways to let your employees down and eventually lose talent.

A poor performance management system will cost your business a lot of money

Here are the top common issues that you can find in performance management in 2023: 

• Poor prioritizing and time management
• Lack of efficiency
• Slow response times to incoming requests
• Submitting late assignments
• Difficulty staying on task

Although these issues may seem small, they can collectively have a major impact on your company’s overall success. 

But don’t worry, we’re here to show you how to solve the problems. 

3. What is custom software development?

You might not know each other but you all know this: Performance management is really irritating but important. With the right approach, it doesn’t have to be this way. By adopting custom software development along the process, HR managers can do more impactful work without investing too much time and effort. They can not only generate value for the organization but also feel more purposeful and effective at work

HR managers can do more impactful work without investing too much time and effort

When we say the right approach, we mean custom software development, or we can call it HRIS. 

4. What can custom software development can do? 

Below are some of the benefits that custom software development can provide. But first, make sure that you know custom software development can also improve overall HR management.

>>>> Read more: How custom software development can help HR management?

4.1 More efficient HR 

Once upon a time, HR can come with some level of tedium. Now, however, this is all but history. Today’s HR department is pulled from one task to another, from recruitment to appraisal. It’s hard to identify which is the end of HR work.

HR departments use custom software to help simplify and speed up the performance appraisal process and goal setting

Custom software development comes in and helps ease the burden of the HR team. HR departments use custom software to help simplify and speed up the performance appraisal process and goal setting. It can also free them up to analyze that data so they can provide better and more objective constructive employee feedback.

4.2 Identify problem employees

Whether it’s a small company or a big corporation, every workplace has problem employees. The problems might be the workplace environment, poor working performance, etc. No matter what the problem is, it’s HR’s job to identify and quickly update for line-managers in order to find a timely solution.

With the help of custom software development all employees information can be stored in one place

This task might be a nightmare, especially when there are over 1.000 employees to manage. Luckily, it doesn’t have to be that difficult. With the help of custom software development, all employees’ information can be stored in one place. Thus, you can easily find the hidden problem or conduct a report related to the problem employee.

4.3 Incentivize good performance

Custom software development helps managers identify employee goals set during review cycles and compare them to organizational goals and values. When the company is looking to reward employees, this type of custom software development makes finding exemplary workers a faster and simpler process.
Joe Wilson, a senior career advisor at MintResume, said custom software development has become increasingly beneficial to small businesses given the trend toward remote work for many Americans.

Custom software development helps managers identify employee goals

“More and more, companies are now relying on custom software development to help keep their businesses on track,” he said. “Performance management software can help employees from every function pull together towards achieving their individual, departmental, and company objectives.”

Final thought 

Custom software development helps businesses in several ways, including providing simpler appraisal processes, better employee morale, and a more tailored work environment for all employees. 

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