SilkRoad technology Sponsors Employee Performance Management Research Project
Report found that Best-in-Class organizations utilize employee performance management (EPM) to improve performance.
Jun 09 2008
Winston-Salem, N.C. (June 9, 2008) – SilkRoad technology, inc., the leading provider of talent management solutions, announced today that the company has sponsored the Aberdeen Group’s benchmark report, “Managing Employee Performance."
The research presented by the Aberdeen Group identified the processes organizations use to manage employee performance and to investigate those processes’ effectiveness. The report, which gathered surveys and interviews from over 900 organizations to reach its results, found that Best-in-Class organizations utilize employee performance management (EPM) to improve performance. The report indicates that automated EPM systems helped companies reach their business objectives through improved time-to-productivity and higher retention rates of the top talent by margins that are 600% to 700% greater (respectively) than companies that use manual EPM systems.
Aberdeen Group research director, Kevin Martin authored the report. Martin noted, “The pressures driving organizations to pursue employee performance management in 2008 have shifted and reflect the stifling realities associated with the global shortage of workforce talent.” He continued, “The scarcity of skilled labor is posing a challenge to sustain a sufficient talent pipeline, and thus it is creating a more competitive environment that further compounds the difficulty to retain top talent. Consequently, Best-in-Class organizations are seeking ways to accommodate the array of career and development demands and expectations of a diverse workforce, provide clarity and consistency between the employees’ job-related priorities and the business’ objectives, and establish mutual sense of ownership and accountability in this process between the employee and his/her supervisor.”
SilkRoad provides web-based talent management solutions to more than 700 organizations worldwide. The company’s performance management solution, WingSpan™, maximizes employee talent, ensures that every employee is up to speed on his role in the organization and tracks progress accordingly.
SilkRoad technology COO Brian Platz said, “The current global talent shortage means that organizations must use employee performance management to align business objectives and priorities with employees’ career development goals. By highlighting the most effective employee performance management practices in this report, Aberdeen Group is providing practical tools and valuable information to help companies improve employee productivity and retention. We welcomed the opportunity to be a part of this important project.”
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As thetrusted advisor to the global technology markets, corporations turn to AberdeenTM for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the “customer optimization” process of Harte-Hanks (Information – Opportunity – Insight – Engagement – Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SAAS) solutions that significantly improve the talent within its more than 700 customers across the globe. Through SilkRoad’s Life Suite™, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite solution set includes OpenHire™, for recruiting management, RedCarpet™ for employee onboarding and life events, WingSpan™ for flexible employee performance management, GreenLight™ for compensation management, and Eprise™ for employee intranets and content management.
SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; West Long Branch, NJ; and Hamburg, Germany. More information is available on the Web at www.silkroadtech.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100.
