Explore how to assess and manage employee performance and potential to foster growth, engagement, and organizational success.
Only managers and above can access this feature.
Purpose
Understanding and managing employee performance and potential is crucial for cultivating a high-performing workforce. By systematically assessing individual contributions and identifying emerging talents, organizations can create targeted development plans that align with both employee aspirations and organizational goals. This proactive approach fosters a culture of continuous improvement, enhances employee engagement, and drives overall success.
Identifying performance and potential enables organizations to recognize high achievers and pinpoint areas for growth, ensuring that all employees have the opportunity to excel. By prioritizing this identification process, organizations can effectively leverage their human capital, build strong teams, and ultimately achieve sustained success.
Approach
WorkCompass provides the Performance and Potential report feature for identifying employee performance and potential, enabling organizations to make informed talent management decisions.
We believe that understanding both performance and potential is crucial for fostering a high-performing culture and ensuring the right individuals are in the right roles. By collecting data through regular evaluations, organizations can pinpoint current strengths and identify growth opportunities for employees.
You can find the Performance and Potential report in Insights > Performance and Potential. This report will provide the necessary insights to implement targeted development plans that drive individual growth and contribute to overall organizational success.
Understanding Performance and Potential Quadrant
The Performance and Potential report features a quadrant chart, with the X-axis representing Performance, which reflects how well an employee has met their goals and objectives.
The Y-axis indicates Potential, assessing how an employee has demonstrated the competencies and behaviors outlined in their performance plan.
Employees positioned in the top right quadrant have excelled in both performance and potential, identifying them as high performers. It’s crucial to focus on keeping these individuals engaged and motivated, as they are key contributors to organizational success.
Conversely, employees located in the bottom left quadrant may require additional development to enhance their skills and performance levels. Targeted support and training can help them progress towards becoming high performers.
By clicking on an employee's data point in the quadrant, you can view their profile details and see the percentage of their most recent completed performance review.
Export Functionality
Only individuals whose goals and competencies have been reviewed by their assigned reviewer will be included in the Performance and Potential report. This is because the report identifies individuals based on their specific goals and competency ratings, rather than relying solely on the overall rating of their plan. This approach ensures that all relevant evaluations are taken into account in the report.
Exporting the Performance and Potential report is a valuable feature that allows you to gain deeper insights into employee performance plans. The exported report includes comprehensive details to facilitate thorough analysis and understanding:
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Goals and Competencies: Each employee’s specific goals and competencies are listed, including their names, detailed descriptions, and the final ratings achieved for each goal. This information provides a clear overview of what was expected and how well each employee met those expectations.
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Self-Evaluation Ratings: The report includes the employee’s self-evaluation ratings, referred to as the Employee Score. This reflects how employees perceive their own performance against their goals, offering insights into their self-awareness and confidence.
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Manager Ratings: In addition to self-evaluations, the report captures the manager's ratings (Score) for each employee, allowing for a comparison between self-assessment and managerial assessment. This comparison is crucial for understanding different perspectives on performance.
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External Ratings: Any feedback or ratings provided by additional reviewers or external evaluators are also included. This external input can provide valuable context and a well-rounded view of the employee's performance.
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Employee Profile Information: All relevant employee profile details are available, including names, roles, departments, and other pertinent information. This context helps in understanding the employee’s position within the organization and their contributions.
By exporting this report, you can easily digest and analyze the performance and potential metrics across your team(s). This detailed information enables you to identify strengths, areas for development, and actionable insights to support targeted employee growth and effective talent management.
Performance Scores are determined by calculating the weighted average of goal ratings, with the weight of each goal factored into the final score.
Potential Scores are calculated as the average of competency ratings, reflecting the employee's capabilities and growth potential.
Frequently Asked Questions
Why are some individuals not included in the Potential and Competency report?