Waltham, MA (PRWEB) January 31, 2006 -–
Nuvosoft®, Inc. today announces the availability of Rperformance™ a Web-based, secure, automated performance management tool that transforms the employee performance process into a key driver of business success. With Rperformance, organizations can align each employee’s objectives, competencies and development activities with the company’s strategic business goals. Rperformance continuously tracks employee performance ratings providing managers and employees with real-time access to information to improve performance through coaching, training and personal initiative. Rperformance is fully integrated with Nuvosoft’s Rcomp, providing an integrated compensation management and employee performance system that is flexible and is easily bolted on to any major HRMS system.
Rperformance provides a flexible framework for planning an employee’s goals and measures, job duties and responsibilities, competencies, and professional development activities. The content of performance forms can be easily configured to reflect a company’s internal performance management process and priorities. Rperformance can also support multiple forms to meet the performance criteria of different employee groups.
The application encourages the sharing of regular feedback and the coaching of employees and provides an easy method for recording performance progress. Performance evaluation ratings are calculated for each performance category and then automatically rolled up to display an employee’s overall performance score. Top performers and employees requiring developmental or performance intervention can be quickly identified.
“Rperformance dramatically increases HR’s ability to affect business success through performance management,” said France Lampron, president of Nuvosoft, Inc. “From setting employee goals that align with business unit and company goals, to reports that deliver actionable intelligence, the application is an invaluable tool for improving a company’s bottom line, and retaining and rewarding top performers.”
For employees, Rperformance enables collaborative goal setting and provides line-of-sight information to the employee’s business unit and company-wide goals. Rperformance enables measurable, quantifiable goal setting that allows a manager and/or supervisor to provide regular progress feedback to the employee throughout the year.
For the manager, Rperformance reduces the administrative burdens of preparing paper-based performance reviews by providing online forms that make it easy to assign goals, track progress, record results and enter ratings. Rperformance also provides online help and email reminders to managers on each step in the performance management cycle. This enables a company’s internal HR system administrator to take an active role in assuring the performance management process is conducted in a timely manner.
Actionable Business Intelligence
With Rperformance HR professionals and line managers have the vital information necessary to manage, facilitate and use the performance management process strategically for an organization’s success.
HR can access a wide range of “real time” reports on performance related issues – beginning with simply checking the completion status of each manager’s forms, through determining whether employees possess the required levels of competencies needed to perform their jobs. Other reports allow HR to rank employees from high to low for one or more selected performance ratings, such as job responsibilities, work goals, or a selected competency. HR can also compare the ratings of managers or business units to each other to identify rating patterns that are outside the norm.
Rperformance enables HR to access instant reports on employee goals performance based on pre-defined, customized categories that are internally set by the company. For example, reports could be displayed on employee performance for Revenue Generation, Customer Service, or Quality. With data available on demand, managers can more effectively meet and exceed their business unit targets. A manager can know in advance that employees’ aggregate goals are set too low to achieve the business unit’s targeted plan. This enables goals to be adjusted early in the performance period while there is still time to have an impact on achieving the work unit’s targets.
Retain Top Performers
Rperformance’s unique “Pay Equity Assessment” feature identifies top performing employees whose salaries are low in salary range and, therefore, may be at risk for voluntary termination. This pay/performance analysis allows an organization to proactively allocate its merit budget resources to retain top performers.
Rperformance also enables organization-wide and function-specific competencies to be included on an employee’s performance form. A target level of proficiency is assigned for each competency based on the employee’s job requirements. The tool identifies gaps between targeted competency levels and the employee’s actual competency levels, based on the employee’s supervisor’s assessment. Gaps between actual and targeted competency levels are used to coach employees and to develop individual action plans. Overall competency assessment data can be used to analyze the competency strengths and weaknesses of the entire workforce, and to identify employees who are ready for promotion or succession.
HR Customer Survey
Rperformance has a built-in HR customer survey for easy on-line completion by supervisors and managers. The survey helps to track the performance of the HR function in meeting the needs of its internal customers and can be activated by the company’s internal HR system administrator at any time. Service satisfaction and importance ratings are collected for each HR service. There are over 85 pre-written service statements included. Survey responses are instantly complied and can be reported for an individual business unit or organization-wide. Survey data provides quantifiable customer perspectives on HR services and enriches HR’s annual strategic planning process.
Integration with Rcomp
Rperformance is fully integrated with Rcomp, Nuvosoft’s automated compensation planning software. Employee performance ratings can be directly fed into Rcomp to support the annual merit review (Focal Point process) and/or to calculate annual bonus and incentive awards.
Rperformance is available today and may be purchased as an internally deployed application or an ASP hosted solution. Pricing for an internally deployed solution starts at $85,000. For an Rcomp/Rperformance package price contact Nuvosoft. Rperformance works with leading HRMS systems. For more information, a demo or a price quote, contact Gin O’Leary at 781-788-0190, http://www.nuvosoft.com.
Nuvosoft’s HR functional experts and software architects implement technology that streamlines business processes to improve a company’s operations and positively impact its bottom line. Through its Rwiz®, Rbenefits®, Rcomp® and Rperformance™ products and consulting engagements, Nuvosoft customers are empowered to derive the maximum information and benefits from their HR systems.
Press Contact: Pat Arcand, Arcand & Madison, Ph: 617-576-7777.
Copyright 2006 Nuvosoft, Inc. All rights reserved. Rcomp, Rwiz, Rbenefits, Rperformance and Nuvosoft are trademarks or registered trademarks of Nuvosoft, Inc.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.