BOSTON, MA--(Marketwire - July 11, 2007) - Companies implementing a Best-in-Class Employee
Performance Management (EPM) solution experienced revenue and income growth
rates greater than average, and had lower levels of employee turnover,
according to a new report from Aberdeen, a Harte-Hanks Company (
NYSE:
HHS).
The latest Human Capital Management (HCM) benchmark report from Aberdeen,
titled "Enhancing Operational Results with Employee Performance
Management," also found that companies do not need to use EPM solutions to
be considered Best-in-Class, but companies using a technology solution
significantly outperformed their peers and exceeded Best-in-Class
performance. Companies using a technology solution were also three times
more likely to be satisfied with their employee performance management
process than those using a manual solution.
"While 95% of companies regularly conduct performance reviews, only 11%
indicate that they are very satisfied with the current process," said
Allison Stamm, research analyst, Aberdeen. "This indicates a real need to
better align the overall goals of the process with the actual
implementation of the solutions being used in order to obtain all the
ancillary benefits."
Survey results show that the firms enjoying Best-in-Class performance
shared several common characteristics with respect to employee performance
management. Best-in-Class companies: are more likely to provide tools to
assist with the process of managing and developing employees, aggregate,
summarize, and regularly report on results and measures, and monitor the
performance of teams and work groups, as well as individuals.
Three principle barriers stand in the way of implementing an employee
performance management solution: the perceived cost of the solution, an
insufficient time to implement, and a lack of awareness around potential
solutions -- noted as the leading challenges for not implementing an
employee performance management strategy.
This report is made available to the public through the underwriting of:
Beeline and SilkRoad Technology.
To obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=4090
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to Aberdeen™ for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen
http://www.aberdeen.com or call (617) 723-7890, or to learn more
about Harte-Hanks, call (800) 456-9748 or go to
http://www.harte-hanks.com.
© 2007 Aberdeen Group, Inc., a Harte-Hanks Company
260 Franklin Street
Boston, Massachusetts 02110-3112
Telephone: (617)723-7890
Fax: (617) 723-7897
www.aberdeen.com
Contact Information: Media Contact:
Allison Stamm, Aberdeen Harte-Hanks
(617) 854-5207
allison.stamm@aberdeen.com