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PaySpace has a comprehensive performance management tool that will assist an organisation
in assessing their employees and ultimately help to develop, motivate and retain
a high performing workforce all year round without the added burden and cost of
a separate appraisal system.
We have created a powerful combination of features that is easy to use and affordable
for any size business. It is equally important to have a performance appraisal process
in place for a small business as it is for a large organisation and by using PaySpace's
evaluation module you will have the benefit of powerful software usually only available
to large organisations due to the cost factor.
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Employee performance appraisals shouldn’t be a dreaded task that yields a lot of
paperwork and little value for your organization, we guarantee that the PaySpace
evaluation tool will greatly streamline performance appraisal processes within your
organisation and reduce HR's administrative burden.
PaySpace lets you:
- Create your own company appraisal processes that can be actively monitored i.e.
2010 Annual Performance Appraisals.
- Create company key performance indicators (KPI's), attach them to a predefined
process and using our performance dashboard, visually see how these indicators are
performing based on predefined targets across departments or cost centres. Areas
requiring attention will be highlighted immediately.
- Create an unlimited number of appraisal templates from scratch. Templates can be
position or job specific or simply general templates that suite all employees. Assign
relevant weightings to sections of the template that indicate higher importance
than other sections.
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- Create your own scales that are relevant to a specific areas or questions, for
example, 1 = Unsatisfactory, 2 = Below Average, 3 = Average, 4 = Above Average,
5 = Excellent - this scale could be used for a variety of questions where as, 1
= Did not meet expectations, 2 = Met Expectations, 3 = Exceeded Expectations could
relate to project specific questions.
- Automated 360 degree evaluations - get broader, richer "multi-rater" feedback without
the processing hassles. Raters will be notified via email that they need to assess
a person, they simply need to login into PaySpace and complete the evaluation in
their inbox. It is all online therefore you eliminate all paper!
- Managers are able to view all raters' feedback.
- Employees as well as managers are able to log entries throughout the year in an
employee's performance journal so that at appraisal time these are taken into account.
- Log goals and create development plans for an employee and review these at the
employee's next appraisal.
- A complete history of an employee's appraisals or reviews are stored and can be
viewed at any time.
Moving from a paper based to an electronic performance appraisal system saves time,
money and significantly improves the evaluation process for both the employee and
the organisation.
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