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KNOWLEDGEPOINTS New Performance
Management System Can Boost Employee Retention
New Performance Impact 2.0 adds key features to facilitate
communication, empower employees
and align performance with organizational goals
Petaluma, CA, November 6, 2000 According to a recent Gallup Organization
study, most employees dont leave companies they leave managers
who are not providing the frequent and honest feedback they need to feel that their work
is valued. KnowledgePoint, a leading developer of human resource management solutions, is
releasing today the second version of its best-selling Web-based performance management
system, Performance Impact, with new features that broaden its value to an organization by
serving as a strategic employee retention tool.
Designed for mid to large-sized companies, Performance Impact 2.0 is a year-round
performance management system that provides a framework and tools for promoting positive
communication between managers and employees, developing employee potential, managing
goals, and documenting and appraising employee performance. In response to customer
feedback, the new version also includes an optional 360º-style Multi-Rater Feedback
module, tools that assist employees in managing their own performance, and cascading goals
that illustrate to employees how their individual goals support organizational objectives.
"The new version of Performance Impact provides employers with a mechanism for
strategically mobilizing their entire workforce around key organizational goals,"
says Michael Troy, president of KnowledgePoint. "It also gives all employees
straightforward tools for managing their own performance and seeing how their actions
support the organization. This can have a powerful effect on employee retention."
Key Features of Performance Impact 2.0
KnowledgePoint Performance Impact 2.0 maintains the comprehensive functionality of its
initial version and adds significant new features. Along with providing instruments for
documenting performance, coaching employees toward better performance, writing effective
performance evaluations, setting goals, integrating with human resource information
systems, easy customization, and deployment over the Web or the company intranet, the new
version includes the following:
- 360º-style Multi-Rater Feedback Module: Allows managers and employees to solicit
feedback from peers, subordinates, supervisors and teammates for use in performance
evaluations or personal development.
- Joint Employee/Manager Process: Provides tools to help employees keep track of their
own performance, set goals and monitor their progress.
- Cascading Goals and Expanded Goal Pool: Allows organizations to link high-level
goals to departmental and individual goals, thus mobilizing the entire workforce around
the organizations strategic goals and showing employees how their work
supports those goals.
- Routing Tools: Let managers easily solicit input, comments or approvals, and
facilitate easy transfer of ownership to support the team- and project-oriented workplace
- Compliance Management: Facilitates tracking the workflow for reviews so managers can
efficiently manage the process.
Pricing and Operating Requirements
Site license pricing for Performance Impact 2.0 Hosted Edition starts at $4,500 for one
year; site license pricing for the Intranet Edition starts at $8,000. Additional modules
and services, including training, customization and consultation, are also available.
System requirements for Hosted: Microsoft Internet Explorer 4.01 through 5.1 and a PC
desktop; for Intranet: Microsoft Windows NT® Server 4.0 or Microsoft Windows NT 4.0
Enterprise Edition, Microsoft Transaction Server, Microsoft Internet Information Server,
and Microsoft Internet Explorer 4.01 through 5.1. Hardware configuration is determined by
customer usage requirements.
Since 1987, KnowledgePoint (a division of CCH INCORPORATED) has been a leading
developer of knowledge-based human resource management solutions, providing Windows-based,
intranet, Web and hosted employee management solutions for the enterprise, small
businesses, HR professionals and individual managers. With the creation of HRTools.com,
KnowledgePoint provides the most comprehensive, trusted and widely distributed online
business center helping small to mid-sized employers manage their employees. Contact
KnowledgePoint at 707-762-0333, via email at firstname.lastname@example.org
or on the Web at www.knowledgepoint.com.
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