CEOs, company owners in business regularly exhort the importance of effective performance management for employees?—?the act of engaging with an employee to review their ongoing workplace performance and development. An effective performance management system requires commitment and dedication from the human resources department, managers and employees which with a larger number of work force is not always possible.
To overcome these gaps, companies are accommodating new trends to robotize time-consuming HR tasks. Today, HRM systems are no longer stiffly designed tools to carry out menial work. Instead, they are powered by Artificial Intelligence and Machine Learning technologies making HR functions – recruiting, performance management – simpler and more efficient.