SAP SuccessFactors PM/GM is a cloud solution that will organize the Performance Management and Goals process when fully applied on every location. It will reform the performance review process by combining seamlessly with Learning Management System along with the Onboarding module (planned) and supports the overall strategic plan for career development, compensation planning and succession planning initiatives. Improved productivity as it fixes employees to corporate goals, boost daily engagement, enhance performance accountability and more efficient review process. High Retention as it produces meaningful feedback, understand development requirements, and gives fair compensation adjustments.
- Goal Management
- Easily set goals and align them with team and company objectives so you can keep your workforce focused on the right business objectives.
- Create goals using recommendations from the smart goal wizard, Cascade goals to drive alignment across the organization and ensure goal-linked activities stay on track throughout the year
- Continuous Performance Management
- Support ongoing performance and development conversations so employees get the guidance they need, when they need it.
- Manager visibility into employee goal progress and achievements, improve employee performance by providing ongoing direction and foster simple feedback and coaching, at any time and from anyone within the organization
- Performance Assessments
- Engage employees with meaningful performance evaluations to effectively evaluate and reward their contributions.
- Conduct formal assessments that make sure accuracy, and legal compliance, Summarized employee achievements and feedback tied to performance and development goals and visually compare and adjust your team’s performance based on competencies
- Drive continuous performance improvement: Go beyond one-size-fits-all processes to create the approach to performance management that makes sense for your organization.
- Accurately identify top talent: Measure the value and impact of your employees and objectively identify high performers.
- Flexible to meet your unique needs: Discover how your organization – no matter the industry, geography, and size – can engage your workforce and retain top talent.
Salary Package: Average salary of an employee who knows Sap SuccessFactors PMGM is approximately ranges from15 lakhs to 21 lakhs per annum.
USAGE IN INDUSTRIES:
- Executives will be empowered to track goal progress in real time through the enterprise-wide communication of strategy and creation of meaningful team and individual goals across the enterprise putting the focus back on what matters.
- This allows the enterprise to reward measure and link employee performance to business results, optimize the performance appraisal process and allow for meaningful feedback.
- When employees are paid based on achievement than a pay-for-performance culture is set up which helps retain the best talent and boost productivity across the enterprise.