The value of automating performance management may seem obvious to HR professionals, but providing key numbers and ROI on such a product can be a little tricky to articulate. This presentation helps to highlight those key, measurable benefits.

1. The Value of Performance
Management Software

2. “Why do I need to prove the value...“
“the benefits are clear?”

3. Most human resources
professionals understand the
value of automating
performance management.
But more often than not, it is
a struggle to prove the
business benefits of an
investment in an employee
performance management
solution (EPM) to executive
management.

4. Numerous studies find that companies with the highest levels of
employee engagement and development outperform competitors on
many levels. Including...

5. Outperform in:
Financial Performance
Productivity
Innovation
Employee Retention
It’s even been cited that
companies that focus on
employee performance
can realize significant
returns on talent
investment. Upwards of
300-400 percent!

6. How can an Employee Performance
Management solution help?

7. Having an EPM in place gives you a holistic view of your employees’
performance and assists with proper goal alignment to keep employees
engaged, leveraging existing employees to fill gaps where possible, and
helps you identify where skill gaps exist and how to address them.

8. Fast Fact
Gallup Estimates the cost to the
economy for disengaged employees
to be $350 Billion!

9. Reduced
Employee
Turnover
Time
Savings
Increased
Productivity
Three Areas To Calculate ROI

10. Reduced Employee Turnover
Experts estimate that it can cost up to twice an employee’s salary to find and train
a replacement! Ensuring that employee turnover stays low is going to save the
company a large chunk of money.
One of the best ways to lower turnover is to ensure your employees understand
how they are contributing to the company’s goals.
Ensuring individual goals are aligned to corporate goals will give employees
confidence that their roles in the company are important and serve a key purpose.

11. “Studies have shown that ‘Purpose’ is the number one driver of job satisfaction”

12. A cornerstone of increasing productivity is
focusing on the process of effective
performance management.
• Goal Setting & Alignment
• Frequent Reviews & Touch Points
• Employee Ownership of the Review
Process
Which requires HR, managers, and
employees have a clear line of sight into:
• Reviews
• Performance
• Goals
• Development plans
Increased Productivity
An EPM system offers...

13. Reduction in time...
• HR spends generating appraisal reports
• HR spends tracking down managers for
appraisals
• HR spends resolving issues with performance
appraisals
• Managers and employees spend executing
appraisals
And Increased...
• Engagement by giving employees
meaningful feedback
• Employee motivation by setting goals which
affect future compensation and promotions
• Efficiency of HR with custom workflows and
dashboards that allow managers to easily
monitor task completion

14. Fast Fact
At Kearney & Company, more than 92% of performance reviews were
completed on time after implementing SilkRoad’s performance
management solution.

15. Time Savings
The time savings of an employee
performance management system is
probably the easiest value to show.
Do you spend a lot of time sorting through
paper appraisals, or even trying to track
them down?
How much time is spent hounding managers
to complete appraisals?
How many hours or days does it take to run
a report?
Implementing an EPM will make the entire
process faster and easier by removing
uncertainty, providing automatic task
notifications to employees and managers,
and simplifying report generation, just to
name a few.

16. Aligning your business strategy with your employees is a
difficult task without a system to manage the performance of
your talent. You need the necessary tools to determine how
employees are performing and how to help them improve in
order to generate bottom-line business results for the
company and give employees the career growth and
development they crave.

17. Take the next step:
Use this ROI Calculator to see the value
of an EPM for your organization.
Download “Calculating the ROI of an
Employee Performance Management
Solution.”

18. About SilkRoad
SilkRoad® is a leading global provider of
cloud-based, end-to-end talent
management solutions that enable
customers to find, attract, develop, and
retain the best talent. The award-winning
SilkRoad® Life Suite® includes Talent
Acquisition, Talent Development, and
HRMS solutions that are delivered through
a Talent Portal to drive greater
engagement, collaboration, and user
adoption. The suite is easy to deploy, easy
to use, and affordable for businesses of
every size. Visit www.silkroad.com for
more information.
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19. Thank you!