Multi-lingual tool assesses the business impact of Performance Management on organisations and identifies key action areas
StepStone Solutions, a leading global provider of talent management solutions, recently announced the availability of a free online assessment tool that can assist businesses to quickly evaluate the effectiveness of their Performance Management processes. The new tool is available in US and UK English initially and shortly in a range of other languages.
Companies taking the assessment will receive a personalised scorecard of key talent performance indicators, such as leadership effectiveness and individual goal tracking, to help evaluate where their organization stands against overall performance management goals. A detailed supporting report is also included to help companies put their results into action. The new tool builds on the success of StepStone’s groundbreaking Talent Strategy Assessment tool, which has been used by more than 1,000 companies worldwide since its launch in mid-2009.
“Research proves that an efficient performance management process can directly improve the bottom line,” said Matthew Parker, Group MD of StepStone Solutions. “But it isn’t always easy to say what area of the business you should focus on to see the biggest impact and what factors you should use to demonstrate and measure its effectiveness. The Performance Management Assessment tool gives HR professionals an unbiased review of those areas and creates goals to improve the performance evaluation process.”
The personalised scorecard features six key indicators, including strategic business alignment, individual goals, company engagement, retention/turnover, leadership effectiveness, and growth/profitability, to help companies identify areas to monitor, evaluate and improve to further impact the bottom line.
The Performance Management Assessment tool is part of an extensive and growing library of research tools available from StepStone at www.stepstonesolutions.com.
Paul Arkwright
Publisher
