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.
| Attributes | HoshinPMS | Traditional PMS |
|---|---|---|
| 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 |
| Appraisal Criteria | Quantitative | Qualitative |
Learn how HoshinPMS makes employees more productive and enables them to focus on the things that matter most to grow your business.
