In this release:
- Overall objectives performance summary chart
- Objective weights
- Bonus objectives support
- Various stability and performance updates
We recently updated PerformanceHub with three new features to help get the most out of objectives.
1) Overall objectives performance summary chart
A new chart has been introduced in appraisals to give employees a summary of performance against all objectives.
It takes the average rating for all objectives and draws both the manager’s and direct report’s results in the chart, like this:
The chart is particularly useful when doing an appraisal because it gives you a quick overview of performance against objectives without having to open each objective up.
2) Weighted Objectives
When enabled (in HR Admins Configuration screens) all objectives get a weighting. Objective weights can be used to show the relative importance of each objective, and when applied, objectives are listed in weight order, with the highest weighting at the top. Weights are set by the line manager by simply clicking on the icon.
The new weight icon shows, even when objectives are in the list view:
In addition, if set, an objective’s weight is used when calculating the average rating in the new chart mentioned above. The greater the objective’s weight, the more influence performance on that objective has in the chart.
3) Bonus Objectives
PerformanceHub now supports bonus objectives. You can enable the feature in the HR Admin Configuration screens. There are a number of configuration sub-options to tell PerformanceHub whether everyone is entitled to a bonus or just some employees. And whether all objectives are bonus objectives or just some. If not all employees are eligible for a bonus, then HR can mark the individuals who are via their profile in the Users tab.
A new icon is used to indicate weather an objective will form part of the bonus payment:
The faded ‘present’ tells the user that the objective does not form part of the bonus calculation and the solid present means that the objective will be included in the calculation.
The line manager decides which objectives are bonused. All they need to do is click on the icon and confirm the change.
HR can generate a new report for bonuses, which provides you with the overall bonus calculations for all eligible employees.
The bonus calculation takes into account an individual’s performance against each bonused objective and a new parameter in the objective rating scheme which tells PerformanceHub how much bonus should be paid for each performance level. For example, you can configure the system such that ‘Good’ performance gives 100% of bonus, better performance gives more than 100% and anything under good gives 0%, but it’s up to you, it’s entirely flexible.
If objectives are weighted, the weighting is also taken into consideration in the bonus calculation.
If you are interested in setting up bonus objectives, then please get in touch and we can help you set it all up.
We squished a few bugs, and made some changes to speed up certain pages and reports.