Blog: Craig Schiff: EPM - The Next Big Thing?

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EPM - The Next Big Thing?

EPM, or Employee Performance Management, seems to be on the upswing. Its focus on identifying, measuring, and monitoring employee performance against specific goals and then tying it to incentive compensation plans is a natural extension of BPM - Business Performance Management. While BPM lays out strategic objectives at a corporate and departmental level, EPM brings it down to Earth and makes it actionable at the employee level. The rise of BPM has generated renewed interest in EPM. For some time now this kind of work has been done with high-priced consultants and spreadsheets. Now there are several firms advocating application software solutions. Those firms include IXP3 in Australia and Strategix Performance in the U.S. among others. We think there is a definite need for this and it can magnify the benefits of a BPM initiative. Is your firm an EPM user or prospect? I'd be interesting in hearing about your experiences with EPM.

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