PMS & Market Mapping

PMS and Market Mapping

PMS, or Performance Management System, in HR (Human Resources), refers to the processes, tools, and practices used by organizations to measure, monitor, and improve employee performance. PMS plays a crucial role in aligning individual and team goals with organizational objectives, providing feedback, recognizing achievements, and facilitating employee development.

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Goal Setting: PMS typically starts with setting clear and specific performance goals and objectives for employees or teams. These goals should be aligned with the organization’s strategic objectives and provide a roadmap for individuals to focus their efforts.

Performance Measurement: PMS involves establishing metrics and performance indicators to assess employee performance against the set goals. This can include quantitative metrics such as sales targets, productivity ratios, or customer satisfaction ratings, as well as qualitative assessments of skills, competencies, and behaviors.

Ongoing Feedback and Communication: Regular feedback and communication are essential elements of PMS. Managers provide timely and constructive feedback to employees, acknowledging their achievements, addressing areas for improvement, and offering guidance and support. This can occur through one-on-one meetings, performance reviews, or continuous feedback mechanisms.

Performance Review and Evaluation: Periodic performance reviews or evaluations are conducted to assess overall performance against the established goals and objectives. These reviews can occur annually, semi-annually, quarterly, or at other intervals determined by the organization. The review process may involve self-assessment by employees, manager assessments, and 360-degree feedback from peers, subordinates, and other stakeholders.

Performance Appraisal and Rating: Based on the evaluation, performance ratings or appraisals are assigned to employees, reflecting their performance levels. These ratings can range from numerical scales (e.g., 1-5) or descriptive categories (e.g., exceeds expectations, meets expectations, needs improvement). Performance ratings serve as a basis for making decisions related to rewards, promotions, and development opportunities.

Performance Improvement and Development: PMS also focuses on identifying areas where employees need improvement and developing strategies to address skill gaps or performance deficiencies. Development plans may include training programs, coaching, mentoring, or job rotation opportunities to enhance employee skills and capabilities.

Rewards and Recognition: Recognizing and rewarding high-performing employees is an integral part of PMS. This can take the form of monetary rewards, bonuses, promotions, or non-financial recognition such as public appreciation, certificates, or special assignments. Recognizing and rewarding exceptional performance helps motivate employees and reinforces desired behaviors.

Performance-Related Decisions: PMS outcomes influence various HR-related decisions, such as promotions, salary adjustments, performance-based incentives, succession planning, and talent management initiatives. PMS data helps identify top performers, high-potential employees, and areas that require additional support or intervention.

What are the services we provide?

Cost-effective pay per user OPEX model
Work-flows, dashboards, real time reports
Customer support with on-site assistance
Customization as per business needs
Hardware solutions (where required)

As a result, you get the following benefits :

Automation – Increase automation with workflows and rules
Increased revenue – Collections, upsell, and cross-sell products
Cost-saving – No CAPEX cost
Reporting – Real-time reporting
Productivity – Increased employee productivity

PMS and Market Mapping

What we Offer?

What are the services we provide?

As a result, you get the following benefits :

Our technology to support and scale operations :

Open source technology

MVC framework

Centralized architecture

Future proof and multi-channel support

Easy configuration

Intuitive design

Highly scalable

On-cloud and on-prime hosting

Robust data security

Faster fetching of database

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