Performance Appraisal
How New Age Technologies are Transforming Performance Management
Vineet Aswani - 0
The recent influx of new technologies has dramatically reshaped the organisations of today. In order to reap the benefits of modern technology, most of the industries are efficiently moving towards a new-age solution for a better HR organisation. The digitisation revelation, age of AI and machine learning are no more the tools of the sales and operations teams only....
The notion of performance in any sphere be it sport or corporate is an ever evolving subject. Given the current context and the future challenges that corporates will encounter, there is a need for a performance process which is in alignment with the aspirations of those who are getting evaluated and the expectations of those who are evaluating. Organizations...
The overall
PMS process can be divided into 3 broad categories
Performance PlanningReview ProcessRewarding
Performance Planning
This is evolving from an annual to monthly or quarterly KRA setting process as businesses are becoming more agile / dynamic.
The KRA’s
set will also be holistic and multidimensional and not limited to one’s own
department or individual targets. Goals
will be linked to business priorities.
Review
This...
HR is generally not known to be the front runner for adopting new technologies. However HR can’t remain isolated from the digital revolution which is gripping the overall business. Outside of the organization technologies powered by Artificial Intelligence, Machine Learning and Deep Learning are already impacting our lives in a big way. From getting our personalized playlist of...
Appraisals – the word evokes
emotions as well as excitement in the employees. Generally, it’s an annual
ritual which is considered as a ‘necessary evil’ in the employee life cycle.
This process, instituted as part of the ‘Command and Control’ Organisation
designs and Management practice, focuses on ‘Goal Setting’ and ‘Goal
Achievement’ – and that’s it. More than on the strengths, the discussions are
more...
“Tim” was the executive in charge of a building hardware company“Hardware Inc.” and was implementing a change to a more consumer-focused culture. As part of this shift, he was undertaking a digital transformation of his business and his vision was clear: “I want our customers to be able to order products online and I need digital tools in place...
My first tryst with Industry 4.0 was when one of my resources opened a program manager position and looked for a profile with an exposure in Industry 4.0 program management. My immediate reaction was “What does it mean? A new dot net boom?” I had heard about Internet of Things, Artificial Intelligence etc. but this seemed completely new and...
Telecom Giant, Reliance Jio Infocomm sharply reduced the number of contracted staff, along with some permanent employees, as it strives to cut costs and improve operating margins, which fell in January-March, said people familiar with the matter. Managers have been told to reduce team sizes. The areas that are getting impacted are administration, supply chain, finance and HR. – Economic...
The
technological transformation has led to various debates in the minds, as ruining - the HR hiring jobs and
losing on the “Human” factor in the process. Researches show that technology
after technology will come but the Human Touch can never lose its charm.
"There are various “New Age Technologies” like Artificial Intelligence, Robotics, Machine Learning and Natural Language processing etc. for the...
Individual Milestone
In Conversation with Ashish Vidyarthi on Leadership Excellence
SightsIn Plus - 0
Ashish Vidyarthi is a National Award Winning Actor, Internationally Acclaimed Motivational Speaker and Thought Leader. He has worked in over 230 films in 11 languages over his 26 year career.
He is the founder of Ashish Vidyarthi And Associates through which he and his team have been engaging in Leadership Conversations with. Over 100 organisations in India and abroad have...