Benefits of the WingSpan
Employee Performance Management System
Employee performance management is an ongoing process that can yield significant business benefits for years to come, when implemented with the correct technology. The WingSpan employee performance management system can help you minimize the gaps and deficiencies that can exist between compensation and skill development. Building additional corporate value is dependent on a high performance workforce, which can only be gained by grasping the value of aligning, measuring, and optimizing your team’s talent. Some of the benefits of moving from an annual paper process to an ongoing, collaborative performance management system with Wingspan are given below.
- Establish cascading corporate goals for increased productivity and revenues
Aligning individual performance goals with corporate objectives can lead to increased productivity and a tangible impact on business revenues. Knowing exactly how an individual is contributing to the achievement of corporate objectives helps employees focus on critical tasks goals and improves accountability. This is easily accomplished with SilkRoad technology’s employee performance management solution.
- Draw a clear line of visibility between employee objectives, departmental goals, and corporate strategy
Aligning what employees "want" to do with what the company "needs" to do results in increased accountability and a corresponding improvement in job performance and your company's success.
- Create a consistent streamlined performance management process to reduce administrative time and costs
Consolidate disparate processes that typically include combinations of paper forms, email, and online documents. You'll reduce the time and money spent on goal setting, goal alignment, and management of performance reviews.
- Enable a standardized employee performance management system
Because it's common for enterprises to have multiple processes and forms, it makes it difficult for them to ensure evaluations are fair and consistent. Without standardization it's difficult to compare performance across the board, and even when a common process exists, individual managers can interpret evaluations differently. Streamline performance management with WingSpan to enable fair and consistent employee evaluations and motivate your team.
- Increase participation in appraisal, assessment, and planning
WingSpan customers see between 98% and 100% participation from typically sporadic assessment completion because it is so easy-to-use and get everyone on board. Simplified usability and flexible configuration promotes rapid adoption throughout your workforce and increases the frequency of use. By allowing users to work with familiar technologies with simple interfaces, it is easy to make the switch from an annual process to an ongoing performance management process.
- Identify top performers for retention, succession planning, and leadership development
Not knowing what talent is available, or not understanding why retention rates are low can have a significant impact on your bottom line due to increased recruiting and training costs. You can lower the costs of hiring and training by reducing employee turnover rates while reaping the revenue and productivity benefits of optimizing your human assets.
- Make real-time strategy adjustments
Changes in business conditions occur every minute. WingSpan gives you the ability to take a proactive approach versus the former reality of not having the data to make any changes until it was too late.
- Create an employee performance process that practically runs itself
Managing employee performance becomes less of a project and more of the way the company does business year round.
WingSpan was designed from the ground up as an employee performance management (EPM) application as opposed to being pieced together with modules by an ERP systems vendor. This means users can expect superior, functional features that are easy-to-use by anyone in your organization to improve job performance and productivity.
