Results story
Supported by the SAP SuccessFactors solution, Union Bank has transformed its approach to performance management, encouraging employees to become more invested in the process. Employees see SAP SuccessFactors as a tool that supports their performance and growth.
Previously, getting anyone to complete assessments was a struggle, and as a result the year-end review often ended up taking significantly longer than it does now. With the much more user-friendly SAP SuccessFactors, employees are much more likely to log on, record their performance assessments and set new goals for themselves.
The Bank recently completed its first year-end performance review, goal setting for the new performance year, and its first interim review using the SAP SuccessFactors solution. Not only was the cycle time to completion reduced by at least 50 percent, the employee and line manager experience of engaging in the performance management process significantly improved as well.
SAP SuccessFactors has useful features that enable the end user to access all the information and resources required for an effective performance cycle. The ease of configuration supports the system to be tailormade to organizational requirements, whilst leveraging its own strengths. In the process of setting up the system, the Bank was able to streamline the entire performance management process. In doing so, with the objective of bringing greater clarity to goals aligned with business directions, the Bank formed its own library of goals, which now consists of 15 department-wise goal libraries.
The system has also been configured to store, access and key in feedback by employees, line managers, and company stakeholders. This provides the opportunity for more holistic performance reviews and feedback. Line managers have the option to gauge team performance, and prepare more objectively for calibration. The entire process, end to end, is perceived as transparent by employees at all levels.
In its journey to drive a performance culture, the Bank has aligned other processes within the employee lifecycle with performance such as compensation and career progression. SAP SuccessFactors is proving to be a useful tool in recording performance feedback in a timely manner so that every employee has a view of their performance and feedback from the line manager.
The greatest success of an implementation is effective change management. Believing that the buy-in to the system and the process would only materialize if their value was cascaded, the Bank ensured that all line managers received training with regard to the new system. Intensive testing was also conducted prior to go-live so that the user experience was absolutely positive from day one.
Union Bank has laid the foundations for the transformation of employee performance management, and is excited to see how the system will support the improved performance management process and experience. The SAP SuccessFactors Performance & Goals solution deployed by IBM has had a very positive impact in a short time, and the Bank is confident that it will help to keep employees energized and performing to the very best of their ability.