HoshinPMS vs Traditional Performance Management System
HoshinPMS integrates a powerful continuous improvement Kaizen tool – Hoshin Kanri that not only provides platform to manage employee performance but also ensures improvement in organisation culture in the areas of Profitability Improvement, Strategy development & execution, Performance management & Improvement, Cost Reduction, Manpower Productivity and Process Improvement.
Here is why HoshinPMS is now preferred by most companies in comparison to Traditional Performance Management System.
|Goal Setting||Team based deployment involving Group discussion||One-on-one deployment/Goals set by HR or respective manager|
|Alignment to organisation goals||Ensures alignment of goals and strategies from top to bottom||Restricted to few levels|
|Type of Goals||Few Focused Goals – Objective & Measurable||Many goals – Subjective or Partially Objective|
|Goal Achievement||Supported by Strategies & Projects||How to achieve goals (Strategies) are missing|
|Goal & Strategy Execution||Ensures execution across organisation through online strategy execution and performance tracking system||Depends on managers to execute|
|Internal Reviews||Ensures regular reviews through online review management and completion module||Depends on managers to execute|
|Performance Monitoring||Daily, Weekly and Monthly||Quarterly, Half Yearly or Annually|
|Performance Evaluation||Mix of Objective (80-90%) & Subjective evaluation (10%-20%)||Subjective evaluation based on personal assessment of Supervisor|
|Performance Gap Analysis||Real-time gap analysis through online performance reports||Manually through excel sheets|
|Performance Improvement||Ensures continuous improvement at all levels||Depends on individual performance|
|Organisational Profitability||Track top and bottom performers and their goals affecting company profitability||No direct link with company profitability|
Learn how HoshinPMS makes employees more productive and enables them to focus on the things that matter most to grow your business.