Performance & Goals Management
SuccessFactors PMGM, or Performance & Goals Management
SccessFactors PMGM, or Performance & Goals Management, is a module within the SAP SuccessFactors Human Capital Management (HCM) suite. SuccessFactors is a cloud-based human resource management system that helps organizations manage their HR processes efficiently.
The Performance & Goals Management module in SuccessFactors PMGM is designed to assist organizations in managing employee performance, setting and tracking goals, and conducting performance appraisals.
Goal Setting
It allows organizations to set clear and measurable goals for employees, aligning individual objectives with broader organizational goals.
Performance Appraisals
The module facilitates regular performance reviews and appraisals. Managers and employees can provide feedback, assess progress, and identify areas for improvement.
Continuous Feedback: SuccessFactors PMGM encourages ongoing feedback and communication between managers and employees. This can include regular check-ins, feedback forms, and coaching.
Development Plans: Organizations can create and track employee development plans, helping employees acquire the skills and competencies needed for career growth.
Performance Ratings: The system often includes a mechanism for assigning performance ratings to employees based on their performance against established goals and competencies.
P360-Degree Feedback: Some implementations of SuccessFactors PMGM support 360-degree feedback, where employees receive feedback from peers, managers, subordinates, and others.
Analytics and Reporting: The module provides data and analytics to help HR professionals and managers make informed decisions about employee performance and development.
Integration: SuccessFactors PMGM can integrate with other HR modules within the SuccessFactors suite, such as Compensation Management and Succession Planning.
By using SuccessFactors PMGM, organizations can streamline their performance management processes, improve communication between managers and employees, and ultimately enhance employee engagement and development. It's important to note that the specific features and capabilities of SuccessFactors PMGM may vary depending on the version and configuration used by each organization.
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