PeopleStreme Human Capital Blog Latest News and Research in Performance, Talent Management and Engagement

PeopleStreme has released a Case Study by Zoo's Victoria on Improved Alignment and Strategy Execution using PeopleStreme's Performance Management software.
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Credit Union Australia, Australia's sixth largest bank, provides a candid interview to HC Online TV, of their performance management process. To view the interview please click here.

PeopleStreme has made available a case study from Chamber of Commerce and Industry of Western Australia (CCIWA). CCIWA measures Employee Engagement regularly and has discovered that implementing an effective Performance Management system also drives Employee Engagement. This happens because employees are much more clear about what is expected of them, understand how they are personally linked to the organisation strategy and have a forum for their own personal development.

No career and low pay are the worst factors in PeopleStreme's global Employee Engagement benchmarks. Employees become disconnected because their workplace offers poor career progression or they are paid below what they think is fair. Employees believe they deserve more and withold doing their best work out of a sense of outrage, often covert. Their performance at work goes down and the employer has to hire more people to do the same work. Does this sound familiar ?

According to recent research, "procedural fairness," in an organisation leads to increased employee loyalty, even when the employee doesn't get the best deal for themselves. Human Capital Management systems provide fairer and more transparent people management capability to the management team and can therefore result in improved employee engagement. Research by Australia's Professor Pauline Stanton strongly suggests that increased employee engagement is a significant driver of employee performance. To get better employee performance, most businesses and organisations therefore need more transparent and fairer people management systems.

According to the Australian School of Business at University of New South Wales, employee productivity in Australia has increased only 0.4% per year since 2003. Source : The Productivity Riddle: What Policymakers Don't Know and Managers Need to Find Out Given that wages increase at an average of 2-4% per year, most businesses have a huge gap to make up in terms of moving from 0.4% productivity gain to an average 3% increase in salary expense. Performance Management systems drive employee productivity by helping managers to better communicate and track business performance KPI's and objectives, with their employees. PeopleStreme lists several case studies with productivity gains well in exces of 3% at Performance Management Case Studies

Performance Management case studies have been released on our website for Mercedes Benz and South Australian Lotteries at http://www.peoplestreme.com/human-capital-case-studies.shtml

PeopleStreme has signed a Partner Agreement with leading Swedish Talent Management consulting firm greenbullet. The companies have established a Swedish language version of PeopleStreme's world class Human Capital Management suite of online software. The burgeoning HCM market in Sweden is driving demand for solutions to deal with employee performance, alignment with business strategy, succession planning, learning and development systems, employee engagement and recruitment, all fully integrated modules within the PeopleStreme suite of Human Capital product suite.

PeopleStreme has posted a 53% rise in sales revenue compared to the previous six months. "The outlook is accelerating." said CEO, Lyle Potgieter. Potgieter responded to the result by doubling the size of PeopleStreme's new business development and account management teams. Australia's uptake of Human Capital Management systems is accelerating because early adopters are achieving significant results from their online performance management, talent management, elearning and erecruitment systems.

PeopleStreme has released a new teaser video for it's flagship Performance Management software at http://www.peoplestreme.com/pm-ad-1.shtml