Research shows that HR professionals who practice data-driven decision-making are 4 times more likely to be respected by their colleagues. AssessTEAM is the next generation, a data-driven employee evaluation tool that can support the modern HR professional looking to bring a data-based and commercial approach to employee performance management.
Unlike most employee performance management tools, AssessTEAM includes a project performance evaluation and client satisfaction evaluation element in addition to 360-degree feedback. You can do this by ‘adding projects’ into the system and specifying ‘budgeted costs’ and ‘projected hours’ per project, along with the desired profit margin. You can also quickly assign employees to these projects and have clients evaluate them in addition to supervisors.
By synchronizing and mapping your timesheets with the AssessTEAM system, the system automatically calculates hours invested in each project vs. budgets, allowing the system to calculate profit margins. This enables AssessTEAM to provide a data-driven and profit-related analysis of employee and team performance that will carry much more weight in the boardroom and allow for better financial decision-making.
One of the system’s headline reports is the project performance report that gives you an instant appraisal of your projects’ profitability status, giving you great commercial and strategic oversight of staff performance.
If you need to investigate further, click on the ‘Result Area Performance’ report that shows the average performance score for each result area. This report highlights shortcomings in specific competency areas based on aggregated, individual employee performance scores. It is a data-driven way to identify areas in need of competency development.