Performance Management is the continuous process of setting objectives, assessing progress, and using feedback to ensure company goals are met. We can help you with this!
The goal of performance management is to help an organization and its employees achieve high performance. High efficiency means meeting goals and exceeding set expectations related to productivity, quality, customer service, and profit growth.
Two basic technological elements are used to create the performance management system. The first component is infrastructure – a company’s data warehouse and the BI reporting and analysis systems it uses to support business decision making. Applications are the second component – upgrading the existing reporting infrastructure with specialized analytical applications that support specific analytical processes that are critical to the management of company results. Such applications include planning and budgeting, forecasting, consolidation, and managing key performance indicators.