MindSolve's MVP Employee Performance Management Software Version 4.6 Delivers Expanded Goal Management

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To help employees and organizations work towards well-defined, common goals, MindSolve Technologies has released Version 4.6 of its industry-leading MindSolve Visual Performance (MVP) Performance Management Software Suite. MVP Version 4.6's "My Goals" module sets a new standard of flexibility and ease of use for employees to create, manage and achieve goals that are both personally meaningful and aligned with organizational and departmental objectives.

Gainesville, FL-8/31/04.
MindSolve Technologies, the leading software solution provider dedicated to helping companies manage, measure and develop employee performance, today announced the release of MVP Version 4.6, the latest upgrade to its flagship MVP Software Suite. Already successfully deployed for existing clients, Version 4.6 significantly expands capability in three key areas: goal alignment, performance ratings calibration and across-the-board ease of use. Expanded Goal Alignment and Tracking – MVP Version 4.6’s new "My Goals” module reaches a new standard in power and ease of use in the mission-critical activities of goal alignment, tracking, reporting and management. Employees can use the SMART goal format to organize, link, monitor and manage all types of goals (performance, project, developmental, career, etc.) in any combination. Supervisors and administrators can monitor goal progress at any aggregate level, from a company-wide network down to an individual. Employees can set persona!
l goals and actions with a clear line of sight to organizational or team objectives. Updates in company and department goals are immediately visible to all employees with linked personal goals, and event-driven emails keep employees and supervisors on track throughout the entire performance cycle. Using clear targets, agreed-upon interim and completion deadlines, specific evaluation criteria and status reports that can be updated hourly, MVP improves communication, and drives employee engagement, accountability and execution. Performance Ratings Calibration – The "calibration” process, in which executives review supervisor ratings to correct rater bias (e.g., the notorious leniency effect, where all employees score "above average”), is often a time-consuming and contentious exercise. MVP Version 4.6 improves efficiency and accuracy with powerful calibration tools that allow ratings to be reviewed within a variety of user-defined groups (e.g., all direct reports under a supe!
rvisor, or all employees in a department). Rater bias becomes !
more evi
dent when multiple ratings by a single source can be reviewed in a group context, making it easier to ensure a consistent application of performance standards across the organization. MindSolve’s new calibration tools help organizations more accurately recognize, reward, retain and develop their star performers. Ease of Use – As with all MVP upgrades, version 4.6 adds several new time, labor, and headache-saving features that benefit administrators, supervisors and users alike. For example, administrators can now test-drive HRIS data imports before confirming a database overwrite, and MVP’s powerful automatic email system is smarter and more efficient, now supporting both text-based and HTML mailings. "MindSolve is so easy to use that published reviews have called our software ‘fun,’" explains Chief Technology Officer Dan Boccabella. "Version 4.6 takes us one step further, adding some great new ease-of-use features as well as some very high-level benefits.” MVP 4.6 is availa!
ble immediately and is free of charge for both licensed and web-hosted clients.

About MindSolve Technologies.
MindSolve Technologies, Inc. is a privately held company, headquartered in north central Florida. In 1994, MindSolve revolutionized employee assessment with the introduction of graphically-driven, user-friendly multi-rater assessment. In 1998, MindSolve offered the industry's first web-based drag & drop performance management software. Since then, MindSolve has expanded to service users in over 50 countries worldwide, offering technology and consulting solutions for performance appraisal, 360 feedback processes, online development resources, goal alignment and tracking, and leadership and organizational development.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Robert McPeek
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