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Corporate measurement systems are based largely on what you can see: units in inventory, number of customers, bills payable, the replacement cost of a drill press, bank debt, dollars. When the auditors prepare a balance sheet, they put a value on what they can count. But how do you count capacity to innovate, quality of management, potential, relationships, knowledge, human capital? Research shows that, on average, non-financial performance accounts for 35 percent of analyst's valuations. Intangibles are growing faster than tangibles. It is no secret that the human element of organizations is increasingly important to global organizational success and talent management. There is a rich array of measurement products designed to organize and interpret talent data from HR information systems. A clear performance measurement strategy is a fundamental prerequisite to any meaningful and sustainable management program. It is the basis for knowledge sharing incentive programs, business impact analysis, and ultimately creates the foundation upon which to truly manage and leverage performance for business growth. Developing systems for measuring and valuing performance presents many challenges, including fundamental issues of deciding what should be measured and why. Performance Trak is specialized business software designed for use in performance management. Performance Trak helps people accomplish their work more effectively, more efficiently and more reliably -- if you want to know where you are over-and under investing in intangibles. TRAK supports a practical planning, execution, and measurement strategy for continuous improvement. The user documents his/her individual or group's plan for improvement in a format of short-term goals and performance expectations. TRAK documents the plan for improvement and provides for measurement of progress against plan. The user may select from a complete set of analysis options to target and prioritize feedback to individuals or groups responsible for improved results. Documenting progress against plan is provided through a customizable report writer. After years of working to analyze performer needs and build task-structuring support integrated with knowledge, data, tools and communications, we are at last transforming work with performance-centered systems.
Key Benefits
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