Start-Stop Appraisals Don’t Work Anymore
Let’s face it – most businesses still use the archaic START-STOP way of tracking employee performance, despite knowing that it’s unable to do justice to today’s workforce and roles. And the fallout of not changing or upgrading to a performance management system, which is continuous and automated, range from losing great talent on a regular basis to having an HR, which has to struggle once or twice a year for weeks with what has come to be known as the ‘performance appraisal’ time.
We at HONO aim to change this.
For businesses where the workspace dynamics having changed dramatically and it has become near impossible to efficiently track performance and goals among shifting roles of employees with the old start-stop performance appraising system, we strongly recommend an UPGRADE.
We also recommend an upgrade of Performance Management Systems in businesses facing challenges of assessment biases, of teams suffering from skill-gaps, which are not identified well in time. The objective is to move from mere performance tracking to performance management, and from taking corrective actions on hindsight to making real-time correction to people-problems. And all of these are not possible in the traditional ‘start-stop’ Performance Management process.
Thus, we, at HONO, studied and designed the perfect solution.
It’s called the HONO CONTINUUM PMS.
The AI-backed HONO CONTINUUM is a Performance Management System built for continuous, all-year assessment with 360-degree multi-level feedback tools.
It is a smart, agile, and modular, which allows businesses to continuously assess their employees through the year, set workflows and goals, track KPIs and KRAs, plan compensation budgets, course correct personnel wherever the system indicates with best actions, including skill-upgrade, and prepare for the future with system-assisted succession planning.
The multifarious benefits of HONO CINTINUUM are beyond mere KPIs & KRAs, and include:
- Tracking sentiment for signals of personnel flight or training
- Setting goals with cascading objectives, aligned with KPI-KRA
- Using Normalised ratings, Dashboards & Trackers
- Benefitting from significant deviations normalised by system
- Getting multi-level 360-degree feedback
- Upgrading personnel skills, facilitating learning
- Initiating and managing mentorship programmes
The HONO Continuum PMS has revolutionized the performance appraisal process of many conglomerates including Aakash Byju's, Dainik Bhaskar Corp Limited, Orient Bell Limited, Yokohama India Pvt Ltd, Spencer’s Retail Ltd. and many others.
HONO has transformed the way we work. We now have an end-to-end integrated HR value delivery system. This gives us real-time visibility and control of our HR operations. HR processes are delivered at our fingertips and our employees feel empowered.
-Saurabh Sanyal, Head - Rewards, COE, Corporate HR Spencer's
So if you’re looking to take your business to the next level, we suggest UPGRADING your PMS to HONO CONTINUUM, which is not only future-ready but also comes with the HONO promise of customised deployment.
All you’ve got to do, is reach out to us, and we’ll schedule a demo-call at your convenience!