Pay-for-performance strategies require robust software solutions

While pay-for-performance initiatives have abounded in recent years, the Wall Street Journal has reported that more than 80 percent of companies that have adopted these strategies say their approach is only somewhat successful, or not working at all (“Firms Report Lackluster Results from Pay-for-Performance Plans,” June 15, 2004). Companies that have pay-for-performance plans in place often struggle with how to successfully communicate goals and measure results. Unless these critical tasks can be handled effectively, any such plan is likely to fail. Yet companies need the kind of productivity and gain that pay-for-performance strategies offer: the talent pool is shrinking and companies must find ways to attract and compensate top talent while holding the line on costs. Pay-for-performance initiatives offer a way to achieve these objectives, but the success of these initiatives depends on finding the right software solution to administer the plans. For leading employers everywhere, Authoria has become the solution of choice.

Authoria solution helps pay-for-performance programs succeed

Authoria Performance™ is part of an integrated talent management system that can help deliver on the pay-for-performance promise. One reason many plans fail is in the difficulty of communicating goals to employees. Authoria solves this challenge by providing managers with robust tools for developing appropriate and measurable time-driven goals, communicating them clearly to each employee, tracking progress against goals on a regular basis and providing consistent and constructive feedback to help employees meet their goals and achieve their potential. Authoria automates much of the employee review process, so managers can focus less on paperwork and more on managing people. Managers can use intuitive and customized dashboards to gain access to real-time data — consolidated in a central repository — on goals set and results delivered. The dashboard puts at managers' fingertips in-context coaching, so they can offer more effective feedback; writing assistance with “starter language” for evaluations, so they don't have to generate each evaluation from scratch; reminders about tasks due, so evaluations can be completed on time; and guidance concerning corporate policies, so they don't have to look far to get the information they need. In short, Authoria provides all the tools necessary to mount a successful pay-for-performance campaign.

Integrating performance, compensation, and succession management pays huge dividends

With leading solutions from Authoria, organizations can integrate solutions to address needs during all phases of the HR lifecycle. While Authoria's employee performance management appraisal solution assists with employee performance review and improve pay for performance initiatives, Authoria's solutions for resume management, enterprise incentive management, Internet recruiting, and succession planning pay dividends by streamlining the entire HR management process.