Updated in August - 2024 | Subscribe to watch greytHR how-to video
The Performance Management System (PMS) aligns individual goals with organizational objectives. This drives performance and growth through goal setting, evaluations, feedback, and rewards. Creating a performance period is essential for admins. It effectively binds goals and reviews within the PMS.
A Performance Period is a specific time frame during which employees' performance is assessed. This period typically spans a quarter, half-year, full year, or any customized timeframe depending on the organization's policies and objectives.
greytHR’s Performance Period page enables admins to create performance periods for Goal Plans and Review cycles. These periods serve as the timeframe for linking goal plans and review cycles. This ensures consistent evaluations and clear goal setting. It also allows for accurate progress tracking and fair assessments. You can also view the active, drafted, and past performance periods under the Active, Draft, and Past tabs.
To create a performance period, perform the following actions:
From the greytHR Admin portal, navigate to Performance Management > Performance Period. The Performance Periods page opens.
Click Create. The Create Performance Period pop-up opens.
In the Cycle Name text box, add a name for the performance period.
From the Duration dropdown calendar, select the required performance period.
In the Description text box, enter a short note describing the performance period.
Click Save. A success message appears and the created performance period moves to the Drafts tab.
The next step is to activate the performance period.
After creating the performance period, you must activate the period from the Drafts tab. To activate the performance period, perform the following actions:
From the greytHR Admin portal, navigate to Performance Management > Performance Period. The Performance Periods page opens.
Click the Drafts tab.
Select the created performance period card and click the ⋁ icon to expand the card.
Click Activate. The Activate Performance Period pop-up appears.
Click Confirm. The period moves to the Active tab.
Note:
If the performance period is in the Draft stage, you can edit or delete the period by clicking the Settings and Delete icons available on the performance period card. Once the performance period gets activated, you cannot make changes.
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