HCM 2.0

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HCM 2.0 Human Capital Management Software on Cloud © BAAP Technologies Corporation, USA 2005-2015

Transcript of HCM 2.0

HCM 2.0Human Capital Management Software on Cloud

© BAAP Technologies Corporation, USA 2005-2015

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: [email protected]

© BAAP Technologies Corporation, USA 2005-2015