09-12-2011 09:23 AM CET - Business, Economy, Finances, Banking & Insurance
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Staff appraisals are failing in many organisations

Press release from: Covalent Software
Covalent Software
Covalent Software
Many UK organisations are failing to manage employee performance, meaning that they are unable to align employee goals with strategic objectives, according to research by Covalent Software, a provider of corporate management applications.

The research reveals that only just over half of organisations (57 per cent) have all employees completing annual appraisals. This suggests that the other half fail to see the strategic value in staff performance reviews and, crucially, are unable to align employee and corporate goals for maximum performance. In addition, promotions and pay rises are often closely linked to annual appraisals and failure to manage this process effectively results in employee dissatisfaction, affecting productivity and staff turnover.

“It’s concerning that so few organisations fully recognise the importance that annual appraisals and employee performance have on their organisation’s success. For a company to prosper, especially in such an adverse economic climate, it’s vital that employees are engaged with the corporate strategy and their role in delivering it,” says Peter McHugh, CEO and Founder, Covalent Software. “Annual appraisals facilitate important discussions between managers and employees that the track the progress of the individual and enable their objectives to be integrated into the business plan to formulate a clear path to success.”

The research discovered that less than a third of employees believe that their organisation’s appraisals process is effective at driving employee development to reduce competency gaps, while only 35 per cent feel that their organisation is very effective at assessing competency gaps through appraisals.

“It has never been more important to identify key competency gaps within your organisation,” continues McHugh. “Determining critical roles, skill gaps and poor performance is essential for corporate success. In the current climate, staff resources need to be fully optimised and staff appraisals management is a vital ingredient in ensuring strong corporate performance.”

The research was carried out at HR Software Show 2011 interviewing 119 HR professionals.

Covalent Software Ltd is a leading supplier of employee and corporate Performance Management applications. Covalent improves organisational performance by helping managers and boards monitor, analyse and confidently make informed decisions that lead to better strategy execution. The Covalent suite is used by nearly 30,000 users in almost 200 organisations to actively manage their performance in line with personal goals that align to organisational objectives. To learn more, visit www.covalentsoftware.com

Claire Bailey
3 Hammett Street
Taunton
TA1 1RZ
T: (0)1823 32 32 39
E: info@covalentsoftware.com

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