Executing Enterprise Performance Management System? – Make Sure You Avoid Making These Mistakes!

An effective and efficient Oracle Hyperion Enterprise Performance Management system for workers or employees brings tons of benefits for the organizations through far better workforce productivity while retaining skilled workers for enhancing the overall operational efficiencies and  reducing the HR costs. In the reality, in these dire economic days, organizations are extensively opt for on-demand software solutions in order to help step up its workforce optimization efforts.

However, implementing enterprise performance management in an appropriate way is not everyone’s cup of tea. Sometimes it could turn out to be one of the most difficult tasks for the enterprises due to lack of appropriate approach for implementing it.

Many organizations often make a few mistakes when they thought to put enterprise performance management system into place. Are you planning to implement EPM in your enterprise? Make sure you don’t make the following mistakes while implementing it.

Mistake # 1 – Keeping the managers in the dark by not clarifying a few important aspects
Many organizations often struggle with the seamless user adoption, and the main reason behind it is that they have not clearly interacted with managers, which are the key users of the EPM system, regarding the crucial decisions that required in choosing the performance management system. Moreover, they fail to educate the managers about the benefits they are going to gain with the help of the EPM system.

How to overcome this issue? Well, you should ensure that you get in touch with the managers and discuss each and every aspect associated with the EPM. Moreover, you should ensure that you communicate and provide appropriate training to the managers if needed as it is a base for the success.

Mistake # 2 – Making frequent changes
Making the performance management process fulfill almost each and every aspect of your business may require years. Making frequent changes increases the risk of overwhelming managers and workforce.

Instead, try to concentrate on a few important outcomes and try to achieve success in those areas only. EPM systems can be configured with tons of options and features that at the end are useless as there is not meaning of using such features.

Mistake # 3 – Building Complicated performance review forms
Performance management systems are designed by keeping in mind the ease of use. However, many times a few of the HRs are so excited with tons of options available and thus, they try to configure review forms with tons complicated options, which at the end create confusion for the end users.

Well, you should always stick to simplicity. Just because it offers tons of options and features in the review form, it doesn’t mean you should use all of them. You should keep in mind the usability and user-friendliness while configuring the review forms.

Mistake # 4 Overlooking the importance of change management
Modifying or configuring the application is just a part of simplifying the work performed by the organization in conjunction with the incorporation of the new system. However, most of the organizations often overlook the importance of change management without realizing the benefits of changing the behavior of both, employees and managers.

Never underestimate the power of change management. Try to establish an unparalleled communication and training sessions for the senior management , HR, managers and employees.

Well, failing to identify and fix the mistakes discussed above can ruin your entire Oracle Hyperion performance management investment. Do you have more points to highlight? Comment below to share it with us…!