Business Tools

5 Ways Technology is Driving Performance Management in the Workplace

Cloud computingIt may seem as if technology is controlling everything to some, but for many, technology is being used to organize and simplify the process and steps that many take in their day to day business. Programs and applications that are used in cloud computing and data protection are just two examples of how technology is helping managers to be more organized and simplifying some of the tedious tasks they have to carry out everyday. Here are just a few other ways in which cloud computing technology and other analytic programs have aided management departments in all industries.

1. It keeps improving workforce organization

When an employee retires, many times there are either not replaced, or they are replaced with personnel with significantly less talent and productivity. On the other hand, sometimes a retiring employee who has been riding out his last few years can be replaced with a significantly higher performer. Proper performance management will take this into consideration, and help identify the appropriate way to move forward.

There are challenges to dealing with this issue, particularly with public employees. The Guardian takes on these issues and more regarding performance management and similar to other large companies who use talent management software like Cornerstone OnDemand performance management software, they are ahead of the technology curve.

2. It eliminates “Gut Feel”

Old school managers will see this as a negative. Eliminating personal opinions may be a positive. In the past, a roomful of managers from different departments would gather, each with their own individual agendas. A consensus would be reached, decisions would be made.

Make no mistake, ownership of decisions are still a huge part of management, but performance management takes subjectivity out of the implementation. It sets into motion consistent action and measurement throughout the organization.

3. It implements predictive technology

Predictive technology in business is called Enterprise Performance Management. EPM is the latest hot topic for business, in part because of the recent major shifts we’ve seen in the marketplace in the past half-decade. The days of 3 and 5 year plans are pretty much obsolete. We can no longer make plans based on what has happened in the past. Plans need to be based on multiple predictions and scenarios of what may happen in the future.

4. It recognizes that information is not implementation

Businesses can acquire all kinds of data from their various departments, but what is done with it? How can all of this information be put together to make the best business decision for the company? After those decisions are made, how then are they implemented and monitored?

Programs that calculate the companies analytics and financial progress can monitor the trends that your company is concerned with and this can lead to more efficient and productive management. Also cloud computing can manage data and protect it from being lost or stolen.

5. It focuses a company

Cloud computing can keep your organization focused on projects and mark the workflow of each one. Productivity and focus are essential for any successful project.

Technology is controlling everything, even management, so, it may be best to embrace the cloud computing programs that are available to you and your company. Harnessing the power of new devices, programs and applications can improve the way you do business and increase your network of clients exponentially. As your company grows, the technology you use will grow.

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Paul Tomaszewski is a science & tech writer as well as a programmer and entrepreneur. He is the founder and editor-in-chief of CosmoBC. He has a degree in computer science from John Abbott College, a bachelor's degree in technology from the Memorial University of Newfoundland, and completed some business and economics classes at Concordia University in Montreal. While in college he was the vice-president of the Astronomy Club. In his spare time he is an amateur astronomer and enjoys reading or watching science-fiction. You can follow him on LinkedIn and Twitter.

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