In the last year talent management has been turned on its head. Remote workforce management, flexible scheduling and hybrid models are here to stay. The economic uncertainty created by the pandemic has caused many companies to reconsider or pause major investments in enterprise technology for human capital management (HCM) as many companies have shifted to remote work indefinitely. As we have seen from previous economic downturns, HR will inevitably fall victim to the recessionary environment if it hasn’t already – emphasizing the need for efficient, effective and less expensive HR technology tools.
The Shift in Talent Management
Talent management strategies have shifted as a direct result of COVID-19. Identifying high performers and developing under-performers or exiting low performers quickly – is more important than ever before and the focus on talent development is paramount. Companies that most effectively manage their talent during the pandemic and beyond are the ones that are most likely to succeed. Businesses will need to do more with less, step in quickly to help those team members who are struggling and ensure top talent is retained.
Truvelop is perfectly positioned to help companies manage through this crisis. Truvelop’s desktop and mobile App adds value by driving productivity and increasing engagement between managers and employees -- regardless of where the employee is located or working and helps companies modernize their approach to performance management. So why would any company invest in this product now?
Truvelop is the right solution at the right time and here’s why:
1) Truvelop can be used as either a replacement or a supplement to an existing year-end review process or platform that is adding little to no value for the employee
2) Truvelop provides a modern approach to performance management that takes into account that the nature of work has changed, and most companies are aspiring to shift to a more frequent, agile goal setting and real-time feedback model
3) Truvelop utilizes data science and artificial intelligence to recognize employee performance patterns, predict employee outcomes, and identify strengths and weaknesses to better inform management responses.
The flexibility, ease of use, quick implementation, reliance on data science and our commitment to being the best in breed performance management and development solution is what differentiates our product. Many technology solutions in the performance management space simply codify the old existing legacy practices – hierarchical and rigid and simply track whether or not the manager completed the evaluation. These types of systems typically have 6-week to 3-month implementation schedules and are difficult or cumbersome to use. We can get a customer up and running in 24 hours or less.
Truvelop Promotes Proactive Management and Engagement
Truvelop is simple to use, intuitive and easy to implement. The workflow within the App makes sense. Our customers’ management teams complete our proprietary assessment on a monthly basis. The monthly frequency allows Managers to leverage the rich data driven insights available within the App and to track and trend employee performance over time. Once an assessment is completed, action- oriented recommendations are pushed to the manager promoting proactive management strategies to help them best engage with their team members.
Truvelop is not just an employee evaluation tool, Truvelop also promotes the delivery of real-time feedback and recognition to employees with our Spark feature and our Recognition Wall. HR technology is worthless if managers and employees don’t use it. And as we have seen over the last 8 months, Truvelop is working even in the most challenging work environments. Bottom line, we built the right product at the right time. Just ask our customers!
It’s Time to Modernize Your Approach to Performance Management and Development.
Contact us today to learn more. It’s not too late to rethink your #performancemanagement strategy for 2021.