15Five Reshapes Performance Management With a Holistic and Insights-Driven Platform for HR Leaders
The Expanded Solution Helps HR Leaders Create a Comprehensive, Fair, and Growth-Oriented Performance Program for Managers and Employees
SAN FRANCISCO – March 10, 2022 – 15Five, today announced the release of Perform, a robust performance management solution designed to help HR leaders create a performance program that fits their organizational goals, culture, and technology stack.
Perform enables HR leaders to run an end-to-end performance management cycle, from performance reviews through to employee compensation and career development conversations. The platform has been designed from the ground up to be easy-to-use for HR leaders, beneficial for managers and employees, and robust for managing the back-end administrative demands of a performance cycle for companies of any size.
“As companies adapt to a new work environment, the performance review needs to evolve and adapt,” says Vincent Huang, Chief Product Officer at 15Five. “In addition to helping employees develop in their roles and drive informed decisions for advancement and compensation, the modern HR leader needs a performance review system that saves time to deploy, is flexible to their needs, and embeds seamlessly into their existing solutions. We designed a streamlined workflow with the goal of saving HR’s time.”
The Perform platform is informed by 15Five’s research, which revealed that there are several inconsistencies and gaps in how HR leaders, managers, and employees perceive and experience the performance review process and its outcomes. For example, 75% of HR leaders agree that the review process provides an accurate representation of performance. That confidence level drops to 66% of managers and 43% of employees. 79% of HR leaders think the process is fair and equitable, but only half of employees agree. Similar differences exist for perceptions around the ability of reviews to improve performance, engagement, and employee satisfaction.
Data also suggests the need for a new approach to make this process effective in the modern workplace. Leveraging Perform, HR leaders and managers are given an opportunity to reimagine the performance review process at their organizations, close the experience gaps, and make the process impactful and fair to all involved.
An Easy-to-Use Solution
A problem common to many performance review platforms is they become cumbersome and fail to maintain a user-friendly experience as they mature. They rely on manual processes that are time-consuming, labor intensive, and fraught with human error. The result is that following implementation, the platforms are often left untouched by managers and employees.
However, being easy-to-use is in Perform’s DNA. The product features facilitate ongoing, growth-oriented performance conversations that are seamlessly integrated into the performance review process for greater accuracy and ease of use.
Dynamic integrations with HRIS platforms
Perform also enables dynamic integrations with leading human resources information system (HRIS) platforms, beginning with ADP and followed shortly by Workday and UKG. It streamlines the process of real-time updating by automatically receiving employee data from the HRIS and sending performance review data back. As a result, the HRIS can be maintained as the ‘central source of truth’ for all employee data, from job roles to historical performance results.
Perform can be customized to neatly fit with any culture or tech stack to create an experience that’s convenient for HR leaders and easy for employees to adapt. It gives HR easy access to prebuilt dashboards that are readied for quick insights that drive action. Perform’s dashboard and data tools allow HR leaders to get granular when required or view a summary analysis for an immediate read of a situation, such as company-wide stats on review completions.
“15Five both supports HR Leaders and empowers the manager-employee relationship,” says Huang. “We’ve created a balanced system that accurately measures performance and helps managers hold impactful performance conversations with their employees. The end result is an intuitive user experience that has employees and managers wanting to engage with reviews – instead of dreading them.”
Founded in 2011, 15Five equips HR leaders to play a strategic role in their company’s growth. HR leaders use 15Five to combine engagement, performance and OKRs on one platform so they can make insightful decisions and take strategic action. Unlike other “command and control” performance systems, 15Five uses the latest in people science to turn managers and employees into self-driven owners of performance and engagement. To further the impact of talent on company growth, 15Five also provides education, coaching and community for HR leaders, managers and employees. HR leaders at over 3,200 companies, including Credit Karma, Spotify and Pendo, rely on 15Five’s software and services to make their talent a growth driver.