Big Data Improves Performance Reviews
The explosion of cloud computing services allows companies to implement big data for
staff assessment processes
without having to invest a significant amount of resources in IT hardware and expertise.
This levels the playing field for smaller organizations, giving them access to the same information capabilities that large companies used to enjoy on an exclusive basis. Now, all business owners can benefit from employee reviews that use big data analytics that reveal more accurate and in-depth information about staff performance.
Create Greater Insight Using Big Data
Everybody involved in the process of performance reviews wants to have the most accurate information possible about the results of their day-to-day work. Big data is all about using large samples of information gathered from multiple sources in order to reveal in-depth conclusions.
These large samples are quickly analyzed and processed. These unbiased results allow managers and supervisors to better understand the strengths and weaknesses of their staff, sometimes discovering details that would otherwise remain hidden.
Accurate information about employees provides the opportunity to develop the aptitude of internal talent while improving potential weak spots in performance. Through frequent monitoring, you also have the ability to follow the success of training and feedback programs, which you can adjust according to the results of performance evaluation data from 360 degree feedback tools.
Spend More Time Improving Performance
When big data processes are applied to performance reviews, the amount of time your company spends gathering and analysing information decreases significantly. In fact, big data performance review software run off of cloud computing servers can provide constant feedback. This lets supervisors and managers reward employees for a job well done on a more consistent basis, as well as adjust their behavior if they happen to make a mistake.
Instead of the giant year-end review that many large companies go through to evaluate their employees, an increasing number organizations, such as Microsoft, Accenture and The Gap, are choosing to provide feedback for their employees on a more consistent basis. Instead of applying competitive rankings once or twice a year in a process that terrifies most staff members, employees receive constant support from their superiors in an effort to improve the performance of the entire team.
Are You Interested in a Performance Review Tool
Grapevine Evaluations has helped countless HR departments and companies to learn about their employees in an effective manner. Our
360 feedback survey software
is web-based, fully customizable and includes comprehensive reporting, making it an indispensable tool. Contact us today, or request a one-on-one demo, and help your company get stronger.