Post on 15-Jul-2015
Talent Management Process
• The main objective should be to align the employee’s work and effort with the large business objectives and strategies
• Evaluate the performance of each employee accomplishing those objectives
• Evaluating, developing and retaining talent are paramount to the success of any company
• Legendary management guru Jack Welch spent about 50% of the time in growing the talent pool
© BAAP Technologies Corporation, USA 2005-2015
Performance Management Process
• Are the employee goals clearly defined?
• How is the performance management process established?
• Is it simple and easy to use process?
© BAAP Technologies Corporation, USA 2005-2015
Performance Management Process
• Should be simple and goal oriented
• Should add value to the process
• Should take 10-15 min for the manager and the employee
• Should excite both the managers and the HR
• Should make the managers accountable
© BAAP Technologies Corporation, USA 2005-2015
Performance Objectives
• Specific – The objectives should be clearly defined and pragmatic (e.g., reduce the bugs by 30% in Q1). Should not be too easy and nor too hard to accomplish
• Important – The objectives should be important for the company and align with the overall business objectives and strategies
• Measurable – Unless the objectives are measured, they can’t be improved
© BAAP Technologies Corporation, USA 2005-2015
HCM 2.0 • Human Capital Management software
from BAAP Technologies is a social, collaborative, talent oriented and delivers ultimate employee experience.
• HCM provides employees with clearly defined and consistently communicated performance expectations
• Co-workers and managers are collectively responsible for rating, rewarding and holding the employees accountable for achieving specific business goals, creating innovation and supporting continuous improvements
© BAAP Technologies Corporation, USA 2005-2015
HCM 2.0 helps in
• Setting up goals that motivate people
• Coming up with clear and specific goals
• Limit the number to 3-5 important goals
• Measuring those goals quickly using real time performance status feed
• Summing up the results using weighted average based on the relative importance of each task/project and work
© BAAP Technologies Corporation, USA 2005-2015
Project Status Feed• Real time status feed helps in employee
collaboration and interaction constantly
• Helps in understanding the status of the tasks completed or pending
• Eventually helps in aligning the effort with the overall vision and the strategy of the company
• Monitor the performance of employees through rating and constructive comments
© BAAP Technologies Corporation, USA 2005-2015
Objectives & Key Results
• Enables managers to set the short-term objectives and long-term goals in a simple and easy-to-use social media format form
• Helps in continuously monitoring, providing feedback and measure the results to make sure the business objectives are aligned and fulfilled
© BAAP Technologies Corporation, USA 2005-2015
Performance Rating
• HCM calculates the performance rating for individual employees from various ratings given by others.
• The rating is weighted based on the different projects and their relative importance
• Based on the ratings, the employees performance is measured with high degree of confidence
• Those who consistently receive high ratings can be rewarded and retained
© BAAP Technologies Corporation, USA 2005-2015
More About HCM 2.0• Cloud based software (SaaS) runs on AWS
• Allows social interaction among the employees and enables them to provide real time status, comments, rating by the participants
• Managers can easily set objectives and monitor the performance of the direct reports through the real time status feed, comments and discussion
• Developed by BAAP Technologies Corporation, Fremont, CA, USA
© BAAP Technologies Corporation, USA 2005-2015
BAAP Technologies Corporation
• Fremont, California based Corporation
• Founded in 2005 in California
• Development Center in India Since 2006
• For demo and price information, please contact BAAP Technologies at 510-565-6345
• email: info@baaptechnologies.com
© BAAP Technologies Corporation, USA 2005-2015