How much can I save on Performance Reviews with an HRMS?

HRMS Performance Reviews Savings 

$7,200/yr

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Annual Performance Management Savings with HR Software

For companies still drowning in document-based performance reviews, it's no surprise that a mountain of admin tasks is eating up valuable time. An HRMS can make things easier, cutting costs and freeing up hours across HR Admin, Managers, and Employees. Here's the magic:

HR Admin

Say goodbye to the days of being buried in review paperwork. HR admins are now practically eliminated from the performance management process—saving up to 95% of their time once spent coordinating, tracking, retrieving, filing reviews, and chasing signatures. Automation means no more answering "where’s my review?" a hundred times. The process is now streamlined and remains solely between managers and employees (unless senior HR support is required which isn't part of the cost savings because it will continue to be necessary), giving HR Admins the breathing room to focus on anything but paper.

Managers

Managers get their time back—about 35% of it. No more scavenger hunts for last year’s reviews or digging through piles of goal-setting documents. With an HRMS, performance tracking, feedback collection, and review scheduling are automated. They can access reports and track progress in real time, leaving more time for actual coaching. And they'll be far more likely to actually do those reviews when they don’t have to wrestle with the admin mental gymnastics.

Employees

Employees save around 20% of their time too. No more waiting for HR to send over that elusive performance review form, or last year's appraisal and goals, or getting lost in email chains. With direct access to feedback, goals, and progress updates, employees can take ownership of their development without always bugging HR or their managers for a status update. Goodbye, "Can I get a copy of my review?"

By automating all these tedious processes, the HRMS cuts down on time wasted on admin and lets everyone focus on the good stuff—like actual performance management.