Continuous Performance Management (CPM) with Employee Experience Tools from QuestionPro

In this blog article, the EX experts from QuestionPro will explain to you why it is extremely important to deal with the topic of continuous performance management and why this topic is so important for the success of your company. You will also learn eight advantages that you gain from this.

What does continuous mean?
Performance management?

Continuous Performance Management (CPM) is defined as the process of measuring employee performance that occurs on an ongoing basis throughout the year. Traditionally, companies conduct performance reviews or performance reviews once or twice a year, if at all. Although the frequency of the assessment is at the company's discretion, it is not advisable to conduct it only annually or even semi-annually. With longer measurement periods, employees' performance and successes are only tended to be reflected in a distorted manner. For example, performance peaks can hardly be recorded because long-term measurement periods only ever take into account the moment of the measurement itself. This leads to an incomplete picture of an employee's performance.

Find influences on the performance of your employees through continuous performance measurement

If the performance appraisal is actually carried out on an ongoing basis, all successes, goal achievements and tasks are tracked effectively, sustainably and, above all, comprehensibly. This creates a much more tangible picture based on more comprehensive data. This makes it easier to identify trends, provide feedback for improvements, assign more responsibility and find influences on performance. Many companies are adopting continuous performance measurement and subsequent performance appraisals because those responsible have recognized the advantages it offers compared to the annual evaluation process.

What are the benefits of continuous performance management? What does real continuous performance management bring you?

When performance measurement and analysis is done at regular intervals, Continuous Performance Management is the best tool to evaluate an employee's performance. Let’s look at the key benefits of continuous performance measurement and performance appraisal.

Where are your employees in terms of performance?

Your employees always know exactly where they stand! Through meetings and ongoing one-on-one conversations between management and employees as part of performance management, the latter receive immediate, real-time feedback on their performance. This helps to immediately identify any deficiencies or positive aspects. This is crucial for correcting errors or intensifying activities that produce good results.

Performance management: Timely and immediate feedback through continuous performance management

With timely feedback, you can take step-by-step corrective actions if necessary. This is crucial to improving your employees' performance and helping them grow. During annual performance measurements, management may miss and overlook some things that can impact employee coaching and performance.

Discover gaps “in-time” through continuous performance measurement!

Identifying performance gaps is important because identifying performance gaps helps employees and managers close them. Based on the feedback received, employees can decide on appropriate training or coaching programs that will help them grow and continuously develop.

Identify growth opportunities through continuous performance management!

The aim of regular performance assessments using active and continuous performance management is to keep an eye on future growth opportunities and not on past mistakes. The focus is on thorough and frequent feedback, which helps improve employee development and performance.

Continuous performance measurement shows where there is a need for development?

Identify and close skills gaps: In recent years, it has become extremely important for employees to upskill and upskill. One of the biggest problems that management still faces is a lack of skills, abilities and knowledge. It is a challenge for any company to hire the right candidates with the right skills, which means efforts must be made internally to address these skills gaps. Continuous performance management and, accordingly, continuous performance appraisal helps to identify any skills gaps.

Continuous performance management significantly increases the commitment of your employees

In addition, continuous performance measurement improves employee engagement: CPM ensures that employees are heard and that their progress is regularly evaluated, commented on and acknowledged. With open, frequent conversations, employee engagement automatically increases. A healthy level of engagement is crucial to stopping employee turnover and significantly improving workforce productivity and morale.

Continuous performance management and KPI's

Continuous performance measurement provides a closer look at KPIs: by involving multiple stakeholders and regular check-ups, the data collected is more accurate and paints a bigger picture. This provides meaningful and clear data on employee KPIs. This allows managers to know how employees react to different situations and influences in the workplace.

Realistic goals and expectations through performance management

Every employee has goals, big and small. Inappropriate goal alignment can hinder employee performance and morale. Continuous performance management ensures that all goals are properly aligned. Management can therefore also help its employees to better align themselves with the company's goals. Setting goals is crucial for individual and therefore also organizational success.

Employee Experience Management: Continuous Performance Management (CPM) Software and Tools

Using QuestionPro's Employee Experience Management platform is an important first step towards continuous performance management for your company. Obtain data quickly and easily without much effort and use the integrated analysis tools to assess it Performance of your employees. Here you will find the four most important advantages of QuestionPro's employee experience management platform.

1:1 live online presentation:
Performance management: We show you how to optimize your continuous performance management

Our EX experts will be happy to provide you with a consultation on the topic of performance management at an appointment of your choice. Arrange an individual appointment.

Try software for market research and experience management now for 10 days free of charge!

Do you have any questions about the content of this blog? Simply contact us via contact form. We look forward to a dialogue with you! You too can test QuestionPro for 10 days free of charge and without risk in depth!

SHARE THIS ARTICLE

KEYWORDS OF THIS BLOG POST

performance management | Employee Experience | power measurement | importance | steps