What is Cornerstone OnDemand Performance Management?
Cornerstone OnDemand Performance Management is a component of the Cornerstone OnDemand (CSOD) suite, which is a cloud-based talent management platform designed to help organizations manage various aspects of their workforce, including talent acquisition, learning and development, and performance management. Cornerstone OnDemand Performance Management focuses specifically on managing and enhancing employee performance within an organization.
Key Features of Cornerstone OnDemand Performance Management
Goal Setting
Allows employees and managers to set and align individual and team goals with the organization's strategic objectives. Goals can be tracked and updated throughout the performance period.
Performance Reviews
Supports the scheduling, completion, and tracking of performance reviews and evaluations, including manager assessments, self-assessments, and peer reviews.
Continuous Feedback
Facilitates ongoing feedback and coaching conversations between employees and managers, enabling real-time communication about performance and development.
Development Planning
Helps employees and managers create and manage individual development plans, identifying areas for improvement, skill development, and career growth.
Competency Management
Allows organizations to define and track core competencies and skills relevant to each role, aiding in the assessment and development of employee capabilities.
360-Degree Feedback
Provides a holistic view of employee performance by collecting feedback from peers, managers, and subordinates.
Talent Calibration
Supports talent calibration meetings where HR and leadership teams review and discuss employee performance and potential for development.
Compensation Management
May integrate with compensation management features to align performance with compensation decisions, such as merit increases and bonuses.
Document Management
Offers document storage capabilities for performance-related documents, including performance appraisals, development plans, and coaching notes.
Compliance
Helps ensure that performance management processes adhere to relevant labor laws, regulations, and company policies.
Analytics and Reporting
Provides reporting and analytics tools to track and analyze performance data, identifying trends and areas for improvement.
Integration
Integrates seamlessly with other Cornerstone OnDemand modules, such as learning management and talent acquisition, to provide a unified view of employee data and streamline talent management processes.
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