On the CatalystOne blog we cover subjects regarding HR technology, HR systems, HR processes, Performance & Talent Management and more.
The performance management revolution is well and truly under way. What was once a trickle has become a flood, with many businesses opting to replace traditional performance management practices with the development-driven continuous performance model.
The last five to ten years have seen nothing short of a revolution in the way organisations tackle performance management. During this time, the once universal annual appraisal has been replaced with a more modern, iterative approach – the continuous performance management model.
For many years, performance management was handled in the same way by organisations across the globe – the annual performance appraisal. This process saw employees sit down with their line manager once a year to discuss feedback, set targets, and ultimately receive a rating based on their performance.
Ascendis Pharma is a progressive Danish biopharmaceutical company which has experienced major growth over the past couple of years. The company has boomed after being listed on the Nasdaq stock exchange in 2015. They are now bringing their 160 employee strong company from start-up to grown-up, expecting to grow the company significantly over the next couple of years.
In partnership with CatalystOne, a leading HR software vendor in the Nordics, Nordnet digitalised their HR processes throughout 2017. And today the hard work payed off as Nordnet and CatalystOne were announced as winners of "HR System Implementation of the Year 2018".
Having recently surpassed the first revenue milestone on a 5-year growth plan, increased the number of employees by 100% in 2017 – and at the same time managed to be ranked as Norway’s 6th best place to work on their first attempt – Nordic HCM leader CatalystOne Solutions has had a tremendously good year.
HR has spent a little bit longer than let’s say finance or CRM getting up to speed with technology to propel their field of expertise into the era of digitalisation. But over the past couple of years we have seen HR taking giant strides to catch up. What kind of technology will Nordic HR executives pay most attention to in 2018?