SAP SuccessFactors Performance and Goals is a bundle of applications, part of the SAP SuccessFactors HCM integrated suite of solution. The applications are used to develop and manage an organization’s employees through the automation of talent management processes.
With SAP SuccessFactors Performance and Goals, an organization can increase efficiencies and continuously manage the performance of employees.
Benefits of SAP SuccessFactors Performance and Goals
With SAP SuccessFactors Performance and Goals, companies can do the following:
Ensure Alignment. Help employees and managers align individual goals to the company’s business objectives.
Engage Employees. Deliver meaningful reviews to help ensure employee engagement and retention.
Calibrate Performance, by reviewing ratings across the company.
Develop Employees, and help managers provide meaningful feedback and coaching.
Identify Leaders. Identify not just high performers, but potential future leaders.
Optimize Workforce. A company’s most valuable asset: its people.
SAP SuccessFactors Performance and Goals Applications
Most industry analysts refer to performance solutions as being the "backbone" or "lynchpin" to the talent management suite. This makes sense given the following:
- Performance assessments are key to making critical succession and development decisions.
- Performance evaluations and goal completion drive salary increases and bonuses, supporting a pay for performance model.
- Actionable plans can be created, supported by learning activities to address competency gaps and career goals.
- Performance assessments use competencies to evaluate the employee and the results drive targeted learning and development.
