Increasingly, human resource planning is becoming one of the most important functions within an organization. To effectively manage human resources organizations should:
- Align competencies and incentives of human resources to business objectives
- Appraise individuals in terms of performance, ability, behaviors
- Utilize 360 degree appraisals
- Monitor and interpret periodic performance indicators for individuals
- Ensure employees focus efforts on the most important activities, by (for example):
- Providing a clear line of sight from daily activities to the organization’s strategy
- Linking rewards to these most important activities
- Record historical data for future reference
- Manage employee development plans, succession plans and talent plans
- Streamline information flows and automate workflows (including reminders, escalations and approvals)
- Encourage outcome-oriented communication and collaboration across the organization
CorVu’s CorIncentive module enables organizations to successfully plan for and manage human resources.
Human Resource Management solutions can be related to Strategy Execution solutions, Project Portfolio solutions, Budgeting and Planning solutions, Scorecard and Dashboard solutions, or Decision Support solutions. Each of these can be addressed by other CorVu Performance Management modules.
