According to statistics, only 2% of business leaders think that the way they approach the performance management process brings value to their business.
If you’re wondering why the traditional way of delivering feedback isn’t working, and why it’s not bringing value to your business, keep reading.
First, traditional performance evaluations usually take place annually or twice a year, failing to paint an accurate picture of employee performance, or their potential. More importantly, a traditional employee review can often be biased because it relies on the manager’s personal opinion and may give one employee an advantage over others.
For all these reasons, you should start implementing a data-driven approach when creating and delivering employee feedback. This is especially important for managers who run remote or hybrid teams because it provides equal performance visibility to remote and office-based workers, eliminating the chances of favoritism towards on-site employees.
This is why more and more employees choose to work in companies that offer frequent, updated, and objective feedback. So if you want to attract and retain top talent in the tight market, try to rely on advanced digital tools like software to manage remote employees that can offer you a better understanding of employee performance by showcasing their day-to-day activities. These data-driven reports can help you better assess employee performance focusing on their strong sides and their weaknesses alike.
If you still wonder whether it’s time to abandon traditional employee review practices here you’ll find the benefits of using advanced solutions to create and deliver data-based employee performance reports.
How Employee Monitoring Data Can Help You Improve the Feedback
The power of data-based decisions in HR departments is on the rise. HR professionals used to collect diverse employee data to measure control span or see who is next in line for promotion. But nowadays that every click your employee makes can be traced, employee performance data can get more in-depth and personalized.
You can use these in-depth insights into employees’ activities and performance as a valuable addition to your intuition and expertise when delivering feedback. Here are 3 ways you can use these employee monitoring reports to make well-informed decisions.
You Can Use Monitoring Data to Predict the Fluctuations in Employees’ Future Performance
Traditionally, managers would refer to past performance data and their personal opinion and assessment, predicting future performance. Basing your feedback on the performance data from the past may be an unfair approach.
For example, an employee may need to settle with lowered salary because their productivity rates dropped under 40% productivity rates in the previous period even though their track records have improved over time.
If you want to right this wrong, try to turn this system upside down, and start using employee performance data to predict how they may grow and excel in the future. In this way, you can set employees’ goals accordingly, compensating your employees for achieving the predicted outcomes in the future.
Monitoring Data-Driven Employee Feedback Eliminates the Possibility of Biases
Favoritism in the workplace doesn’t always have to be intentional. Some managers may not be aware that they offer biased non-factual feedback. This is the case when feelings prevail over facts. And this is more likely to happen to managers running hybrid teams.
You can prevent this from happening in your company when you start using the help of employee monitoring data to create performance evaluation reports. Software to manage remote employees will show you how your employees spend every minute of their time at work, and also how your employees’ productivity rates fluctuate throughout the day.
You can also use this tool to see how much time your employees spend on specific tasks or projects using different apps and tools more or less efficiently.
This way you can recognize hard work and reward overachievers, providing much-needed support and training to those who struggle with their workload. This objective feedback may boost employees’ confidence and engagement and build trustworthy relationships between you and your team members.
Employee Performance Tracking Allows you to Work on Improvements Instantly
One of the most significant benefits of data-driven feedback is that it can identify issues that need immediate attention. This way you can take effective steps to make your employees more time-efficient and productive. This prescription data differs from the historical and predictive data by giving you on-the-spot guidelines for improvements.
If you notice a performance or a skill gap in some of your employees’ data, this is a clear sign to start working on their professional development by offering them much-needed training. In this way, you’ll help your employees upgrade their skills and boost their performance before the new appraisal cycle comes.
Instead of a Wrap-Up
You may be thrilled with the potential of data-driven feedback for all the good reasons. But remember that this performance tracking data can’t replace the manager’s expertise and intuition to create and deliver actionable evaluations.
But this performance data can be a reliable ally in creating detailed, real-time objective feedback that most employees demand nowadays, giving you a competitive edge over others when it comes to attracting and retaining top talent.