NT PMS
Performance Management System
Performance Management System (PMS) is a method employed by an organization to assess and improve the performance of its employees. It involves setting individual goals, monitoring progress, providing feedback, and identifying areas for improvement. The aim is to ensure that employees are working at their optimum level and contributing effectively to the success of the organization.
Types Of
Performance Management
Systems
why PMS fails / redundant in any organisations
It’s worth noting that different organizations may use a combination of these systems or develop their own unique approaches tailored to their specific needs and organizational culture. We at Nass Talent offer our professional services in this area to design a meaningful, result oriented and effective PMS well suited to the client’s flow of business. Our services include end-to-end solutions as far as PMS is concerned including providing the required Software tools for the purpose.
- Lack of clear targets from top management
- Goal setting ending up not SMART
- Goals are SMART but not aligned to what management wants
- Self prepared goals and comfort zone
- Lack of follow-up and continuous monitoring
- Having an irrelevant PMS software
- Adjusting to available module in HRMS software
- PMS targets – always face a fire-fighting mode
- Once in a year review – No regular follow-up
- Lack of sense of accomplishment
- So What – attitude
- Heavily skewed towards hard working employees
- PMS not resulting in appropriate rewards and recognition
- Internal personal bias
- Bounded Rationality thinking.
- Lack of purpose fit software
We are not a mere consulting firm or a software provider. Our services combine both and hence it gives client an added advantage of not having burden of investing on consulting and technology separately apart from struggling to align these two.
Professional Design + In-house customised Software + Continuous Process Service = Successful PMS cycle
Start-ups, SMEs: Being a start-up, or a small scale industry, they may not have sufficient budget to have in house professional HR team for their operations. They need not have to compromise their aspirations, rather they can effectively outsource these services to companies like Nass Talent.
Family businesses: Family businesses where the group has different lines of business and monitoring each becomes a struggle that requires time and effort. Through our services this difficulty is eliminated. Nass Talent PMS outsourcing services gives them a leverage to consolidate and have a precise progression map real time through a single window.
Established business and large corporates: Often established businesses and large corporates has challenges in implementing PMS.
- Understanding Client’s business environment
- Help them to arrive at strategic SMART goals.
- Arrive at Departmental and individual’s KPIs / KRAs
- Documenting the same and sign-off with leadership team
- Data transfer to Nass Talent PMS software.
- Providing individuals under PMS login credentials to monitor, update and interact.
- Weekly / monthly reminders to group for updates
- Present real-time updates with management dash boards with glows and grows on a scheduled time period.
- Prepare the year end analysis post appraisal.
- Continue for the next year, if client requires.
- Access to professional knowledge / advisory services on sensitive areas of HRM
- Easy plug and play approach
- End-to-end, turnkey solutions for Performance Management System.
- No hassles of internal bias in any form
- Cutting edge focus on goals, performance and achievement
- Dashboard services on time and no compromise on data.
- Stay away from manipulations and non aligned data.
- Cost effective but valuable and vital service for organisation’s growth.
Our Area of Specialisation :
NT Balanced Score Card – Classic
NT Balanced Score Card – Classic is the traditional score card system with four components namely Finance, Customer, Internal Process and Learning / people development. Most of the start up firms and mid sized firms globally have consistently seen success by implementing this framework. Nass Talent enables organisations to effectively design, implement, monitor progress periodically and complete annual cycle without any hassles
NT Balanced Score Card – Sustainability Embedded (SBSC)
Sustainability enabled BSC (SBSC) offers the fifth dimension apart from the four that is available in the classic version. Under this version, Sustainability is carefully embedded and interlinked with all the four components of the classic version. SBSC is becoming popular due to the advantages that corporates realise due to its effective implementation. It serves dual purpose of achieving the targets and earning reputation for its sustainability efforts.
One of the much cited research article by Epstein and Wisner [2001] mentions about the payoffs from using SBSC such as improved sustainability performance, increased employee satisfaction, decreased operational and administrative costs and an enhanced corporate image and reputation.
