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It’s one of the biggest mistakes in business. The bedrock of any organization is, and the secret to its prosperity lies within its employees. Companies spend significant dollars in many other places but often neglects spending on tools to support their staff. Having spent two long decades managing employees in senior management roles, Damien Cummings recognizes the very root of this problem—managers themselves lack the necessary training and tools to be able to manage their subordinates effectively. “I realized that the HR space needs to be re-invented from the ground up. Both managers and employees need a new way of working together. HR tools should bring fairness to the workplace and provide transparency to employees, HR managers, and executives alike. This is what inspired me to start Peoplewave,” Cummings, CEO of Peoplewave, explains. The Singapore-based company provides cloud-based HR tools to efficiently onboard new employees, as well as a new data-driven way of conducting performance reviews—called ‘First 100 Days’ and ‘Performance Wave’.
Every employee goes through an onboarding process when they start at a new company. A critical aspect of this is their probation period (usually 3 or 6 months). Most enterprises falter in this very first step. The lack of necessary tools to accurately assess these probationary employees means that often managers are too polite to really give direct and honest feedback to new staff. This can lead to two poor outcomes – low performers are not challenged, meaning that they pass probation and drag down efficiency levels. High performers have greater expectations and if they are not given a structured and clear approach to their onboarding, this can quickly lead to disillusionment. This leads to high employee turnover, extra costs, and down gradation of overall organizational productivity. This is where First 100 Days shines. Right at the start of the probation period, the solution’s unique checklist feature simplifies the complicated onboarding processes of new employees, with the information shared with both line managers and HR managers seamlessly.
Organizations availing our products have shown greater overall productivity through steep turnover decreases while successfully retaining their best performing employees
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