You can increase your team’s motivation and pay transparency with this online HR tool! Percival brings your employees together and lets them decide their colleagues’ bonus compensation without the traditional appraisal system.
Are you a business leader or HR manager? Do you find traditional appraisals stressful and time-consuming? If you have answered ‘yes’ and you are ready to streamline your HR approach, this is the collaborative, transparent, employee-driven online tool for you!
The new HR tool can be added to your agile compensation strategy if you are planning to motivate your employees, increase transparency, and reward those who deserve it. Percival is an online tool that determines the bonus or reward your employees should receive based on individual feedback and an algorithm.
You can view more details at https://youtu.be/zedpalkWMFo
As an HR manager, you may have struggled to set a fair salary or reward scheme for team members across multiple disciplines and roles. But with Percival, you can overcome these issues through collaboration.
The new online tool collects appraisal data from your team members. The data is then analyzed to decide the reward each employee will receive. This reduces the likelihood of dissatisfaction in the long term. It is ideal for your company or team if you use a flat hierarchy approach.
It is an agile compensation technique that you can use to decide bonus or incentive pay, as well as annual salaries. You may know agile compensation has grown in popularity as an HR tool, as it offers pay transparency across diverse workforces and motivates your employees.
Performance-based earnings reward your employees while increasing their efficiency, as they are rewarded for reaching predetermined targets or milestones. However, it has its downsides. For instance, you may struggle to decide the reward each employee deserves based on their performance in relation to their role, salary, and position within the company.
Percival helps you and other HR managers overcome this by giving your employees an active role in the compensation process. It empowers them to reward their colleagues for the work they have completed and the role they have played.
This approach can bring your team together and nurture a collaborative work environment. In addition, it acknowledges the unique perspective of each team member. You may be slightly removed from your employees and unaware of the overall performance of an individual.
A satisfied customer wrote: “One of our biggest challenges was the salary review process. Percival helps us a lot, the team can quickly make the appraisal and the results we get are the foundation for our decisions.”
You can visit https://www.percival.live/blog if you need more info!
