TeamNest Use Case - Performance Management

Business Challenge

Organizations lack confidence in most Performance Management Systems (PMS) due to challenges like fragmentation, the existence of informal or “shadow” systems, misalignment, and inconsistency. But continue to remain stuck in their old ways and systems. 

TeamNest Solution

Our PMS module takes into account important objectives of Performance Management right from Goal Setting and Performance Reviews to Ongoing Development and Rewards. All these aspects are integrated within one centralized system with users at various levels contributing to the process and outcomes. 

For HR Heads / Admins

• Select from our collection of Key Evaluation Metrics and build your own KRA and KPI library
• Set an Assessment Cycle best suited to your organization
• Create Two-level performance assessments
• Get a Score-based evaluation for every employee
• Add Soft Skills and Competencies to your assessments

For Managers / Supervisors

• Assign KRAs in bulk or individually 
• Get all your PMS reviews in one place
• Provide qualitative insights for employee assessments

For Employees

• Easy-to-use interface to submit self-assessments
• Helps to set and track a clear set of goals
• Reduces micromanagement
• Identifies Training Needs

Potential Business Impact

• Improves goal setting and tracking
• Effectively assesses workforce
• Better employee insights
• Identifies blindspots
• Provides consistent and aligned results
• Helps retain the best talent