Register now for our upcoming webinar: May 30, 2013 at 10am Pacific.

With the transition to a knowledge economy employees are the most important asset of nearly every company, so why are we still doing annual reviews the same way we always have?

This webinar will outline the trends in Human Capital Management (HCM) and shows how Teamly and tibbr together provide an effective, real-time way to engage, retain, motivate and align employees. (Organisations with higher employee engagement report 22% higher shareholder returns!).

What we’ll cover:

• Trends in the workforce and what this means for HR processes
• tibbr, the Social Network for Work
• Teamly, Social Performance Management built into tibbr
• Q&A

Presenters:

Scott Allison, CEO, Teamly

A contributor at Forbes.com, Scott is a third time entrepreneur who founded Teamly after seeing the challenge of managing performance in the workplace in his previous company, an award-winning telecommunications provider. At college he studied entrepreneurship, marketing and human resource management in his native Scotland.

Chieng Moua, Senior Solution Consultant, TIBCO Software

Chieng is a thought-leader in Enterprise Social Collaboration, currently helping companies successfully deploy the tibbr social platform for knowledge sharing and problem solving. He’s worked with Fortune 1000 companies in his roles as BI and HCM consultant, and additionally was a Product Consultant at PeopleSoft, now part of Oracle.

Register now for our upcoming webinar: Social Performance Management; Engage Your Employees Everyday and Kill the Annual Review.

When: May 30, 2013 at 10am PDT, 12pm CDT, 1pm EDT, 6pm BST, 7pm CET

Duration: 1 hour, including Q&A.

Audience: Managers, C level execs, and HR Specialists.

Cost: Free

The annual review doesn’t have to be a pain, so why is it managers and employees alike dread the whole process? Instead of once-a-year static annual reviews, more and more businesses are discovering that changing to a socially aware approach to managing people, is both easier and more effective. That’s exactly what Teamly does, right inside of tibbr.

There’s a very good business reason to take a real-time approach to performance management; research from HR experts, Bersin by Deloitte shows that companies which revisit goals for employees quarterly, outperform those which set goals annually by more than 30%. That’s why goal setting is a key part of Teamly.

It’s true that for every company, its key asset are its employees, and how you find, recruit, engage, motivate and manage those people is going to make a big difference to everything from customer satisfaction, innovation, and staff turnover.

When you think about HR you realize that nearly every aspect of it can be enhanced by adding a company-wide social platform. The main benefits of company social networks are well understood, including saving time, improved knowledge sharing and more engaged employees. In contrast we hear from companies that the main problem of their HR software is that it just doesn’t get used much.

Instead, with Teamly and tibbr it becomes easy to create reviews, update goals, and plan your actions. Our modules include performance reviews, employee recognition, goal setting and review, and even task management, and it’s been designed around people, not processes. Our integrated approach takes people from thinking and planning, all the way through to implementation and review; accountability in a social context.

Analysts predict that 75% of enterprise-level businesses will have a social platform in 2013, if you’d like to find out Teamly can enhance your HR practices alongside tibbr, visit the Teamly website or get in touch. And if you’re already using tibbr, visit the App Marketplace and click Install.

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A version of this post appeared on the tibbr enterprise social network blog:

Why Businesses Should Stop the Annual Performance Review