Key Benefits of Automating Performance Reviews

Why you should consider moving to Web-based performance reviews.

The process of regularly evaluating and improving employee performance and productivity has become more than an administrative detail - it's a business imperative. Having the right tools for the job makes all the difference.

EchoSpan EPM Suite solves the problems of paper-based and internal employee feedback and review systems. We help to ensure reviews are consistent and legally appropriate, and support best practices that result in greater productivity and employee satisfaction.

Reasons why you should consider automating your employee reviews with EchoSpan EPM Suite:

1. Save time and money. With us, you'll reduce the time spent drafting and rewriting reviews, allowing more time for manger-employee interaction. Free HR from “policing” the process of getting reviews done and submitted on-time.
    
2. Put an end to paperwork! Automated reviews from EchoSpan can be completed in just a few clicks, often times in 50 to 90 percent less time than traditional reviews. Managers will appreciate the extra time they'll have to perform their regular duties.
    
3. Write better feedback. With the right tools, like EchoSpan's Automated Feedback Assistant, managers can write better, more meaningful feedback for their employees. This yields increased employee productivity and accelerated professional development
    
4. Ensure review consistency. Electronic reviews are form-driven, so there's little opportunity for variance. Uniform measures of achievement are easily set, tracked and managed from a single administrative tool.
    
5. Centralize performance data. More than likely, your company's documents, customer data and financial information are stored centrally. So why isn't the performance data for your employees? Centralizing employee performance data makes it easy to aggregate, analyze and store for future use, and increases data security.
    
6. Increase accountability.  Our interactive dashboards and in-depth reports provide your organization with the necessary data to make decisions that will support the achievement of key goals and initiatives necessary for the success of the business.
    
7. Security and compliance are top of mind. We take pride in our attention to key security and legal requirements necessary to support a performance management solution anywhere, for any size company.

Partner with the leader.
Hundreds of companies utilize the EchoSpan EPM Suite and enjoy an average of 40% savings compared to their previous performance management processes. EchoSpan has been in operation since 2002 with 99.99% uptime since day one.

Compare traditional review methods to EchoSpan EPM Suite:

	Traditional Performance Review Process	The EchoSpan EPM Suite
Goal Setting	Corporate Goals are informally set and difficult to communicate throughout the company. No tracking mechanism exists and Corporate goals are unaligned with Performance Goals.	Our Total Goal Management solution allows you to align your EPM process with the goals that will bring your company success.
Scheduling	Inconsistent scheduling of review process leads to difficult compliance tracking and missed deadlines.	Automated scheduling allows you to setup when your reviews will be processed and the system automatically starts your campaign when you decide and on time.
Compliance Monitoring	Resources derailed having to follow up on incomplete reviews.	Our system shows you in seconds who has not completed their survey and is setup to automatically send reminders and escalation procedures.
Qualitative Feedback	Reviewers often have difficulty writing narrative feedback. The result is short or generic feedback that doesn't capture reality.	EchoSpan EPM Suite includes our EasyWriter technology that dynamically populates comment fields to give your managers a foundation of text to build on.
Strategic Impact	Reviews are paperwork that must be done. No centralized repository exists to manage company-wide employee performance.	Our Drill Down reporting technology allows your organization to utilize the results of the EPM process to make business decisions that will impact your companies’ bottom line.
Costs	Time and resources can be wasted on inconsistent processes and inefficient document and data management.	Our online solution is completely hosted and managed for you. All you'll need is a Web browser and Internet connection.