Bayzat, UAE-based leading employee benefits platform, has launched a new Performance Management module, which addresses the needs of regional businesses in their digitization of the formulation and analysis of critical workforce metrics.
The Performance Management module provides small and medium-sized enterprises (SMEs) of the UAE with a rich and transparent process through which employees can be evaluated and motivated. The module tracks the progress of employees against KPIs and fully automates the raising of alerts and reminders for stakeholders.
The module is fully accessible from mobile devices via the Bayzat app, enabling employees, line managers or human resources (HR) teams to review or make updates at any time, and from any location. The provision of customized templates for review sessions allows rapid rating and continuous feedback, leading to even greater transparency and effectiveness in evaluations and appraisals.
Safwan Youseph Senior Product Manager Bayzat
“Performance management, at present, is highly manual and often done through Excel spreadsheets. In Dubai, for example, a mere 26 percent of SMEs follow a well-defined practice for employee performance management. Further research shows that this is not good for employers or their workforces because less than half of employees believe that the metrics and processes used to evaluate them are fair and transparent.”
“With the release of our Performance Management module, we are responding to a pressing market need. We continually listen to our customers on what they believe we should add to our HRMS platform, and we have found formal performance management to be one of the top requests we receive. And this is unsurprising. Studies show that organizations with employees who are more satisfied with their company’s approach to performance management are twice as likely to innovate,” Mr. Brian Habibi, Co-Founder and Chief Customer Officer at Bayzat, said.
One of the key elements of Bayzat’s Performance Management module is its utilization of analytics to offer a comprehensive dashboard for HR and line managers. The system automatically categorizes employees to identify top performers and helps chart career progression, training, and mentorship schemes.
Bayzat Performance Management is available as a cloud-based solution and can be consumed either as a standalone module, or as part of the overall Bayzat HRMS platform which serves as a single, powerful solution for employee benefits, payroll, HR, and insurance management. The company intends to extend its platform and release integration options for other Bayzat modules and core business solutions.
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