All too often, performance reviews are dreaded by managers, employees, and the human resources (HR) staff. The process can be tedious and time consuming for managers. Employees may respond negatively to critical feedback. The HR department must oversee the process and ensure its completion. The bottom line – the performance review process isn’t working, however, HR technology can make a difference.
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Over the past five years, how many employees have left your company voluntarily? How has the loss of valuable employees affected your business? While employee turnover is a natural part of the workforce cycle, unexpected losses can be harmful to your company. The loss of valuable employees can mean many things for businesses (no matter the size): unfulfilled roles, higher costs, a lower knowledge base, and decreased performance overall. Turnover comes with high costs that many businesses are not willing to pay; therefore, many companies are looking for tactics to keep their employees happy and engaged.
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