Formerly part of the SuccessFactors product suite, Perform & Reward for Small Business has been moved under the SAP umbrella. It combines performance reviews, goal management and compensation management in their BizX platform.
The BizX Platform allows companies to create a database of user profiles, providing information about employees’ skill sets, expertise, interests, and experience. Collaboration tools connect employees with their peers seeking similar information. Videos, documents, and conversation feeds are also accessible to the company’s workforce. Reporting features are built into the bundle.
Other features available in Perform & Reward are cascading company objectives, 360° reviews, Team Review and Team Rater scales, and a SMART goals library containing predefined goals. The compensation module can manage salaries, bonus plans, stock awards, and other performance initiatives. Their automated legal check ensures compliance.
Perform & Reward can be deployed on any desktop or mobile device and is designed to support any industry vertical.