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10 Exceptional Tools for Assessing Your Team’s Performance

10 Exceptional Tools for Assessing Your Team’s Performance

In modern business, companies are in a constant race with themselves of trying to utilize the resources they have as best as they can. Simply put, all companies try to become as efficient as possible. When talking about efficiency a lot of things might pop into your mind, but one of the most important assets that needs to be efficient is the workforce of a certain company.

This is especially true for small business organizations. Small business organizations usually have their whole teams working on certain projects, meaning they cannot add more members if they need to speed up the process. No, instead they have to manage their teams as best as they can and know how to organize them to do a job faster, while accurately assessing the time needed to complete the project.

Working with a group of people is challenging, and it’s tough to track progress, performance and effectiveness, or organize tasks and manage projects, without an adequate set of tools. Modern tech solutions give even the smallest organizations the option to look into their performance and see whether there are any gaps in their teams.

This is because these tools are usually quite cheap and sometimes even free. So, here are some of the best tools you can use to track the performance of your team and use them to improve its effectiveness as well.

1. HRweb
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    This software focuses on automating all-human resource processes that happen within your business. With this web-based software, HR managers can easily track and manage activities and the performance level of their teams. It has a single dashboard which combines all of the most important HR management features.

    The dashboard includes, employee reviews, time tracking, time off, attendance, scheduling, behavior, goals, recruitment, and document management. It really excels at managing and tracking employee history, and the level of categorization that it allows.

    2. AssessTEAM

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      This is a great all-around continuous feedback suite built to incorporate various process that allow you to monitor your effectiveness as a business and improve your results. With this tool, you can evaluate employees, their engagement, give them directions when they seem lost and run reports that show whether your processes are profitable to your whole business.

      It’s a SAAS software solution directly focused on allowing managers and business owners to assess how well their team is performing. It has thousands of quantitative evaluations that focus on 360 degree peer reviews, project evaluations, annual appraisals and much more. There are so many methodologies for evaluation you can use in AssessTEAM meaning that any business can use it appropriately and customize it how it sees fit.

      It gives you everything you need, but you need to have adequate management knowledge to be able to actually utilize all the options this tool gives you.

      3. Performly

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        This tool streamlines ancient performance management processes using progress tracking, intuitive interface, goal setting, social media-like news feed, and an engaging platform. The whole platform is a capable talent management system that can record job descriptions, individual competency, and create development plans for employees.

        In the center of Performly is, of course, feedback. The reviews it offers go both ways, as employees can perform self-evaluation and, if they want, give feedback to their managers. Additionally, it also has the modern 360-degree review ability, where peers give their feedback, as well as the management.

        4. Asana

        Asana is one of the most popular project management solutions for small business organizations. Besides the fact that it has amazing features and great functionality, the reason for this tool’s popularity is also the fact that it’s completely free for up to 15 users.

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        It’s used for management in real-time and it has an exceptionally intuitive interface which adopts the aesthetics of everyone’s go-to social media platform, Facebook. This means that people can easily learn to use all of its features.

        By using Asana, you will be able to track time, assign adequate tasks to adequate people, get regular updates from the tool on how far your project has gone and visualize goals. The people behind Asana have also added a calendar feature that gives users the ability to graph tasks straight from the dashboard.

        Most people who have used Asana were satisfied, although there were some who said that it’s not always so intuitive and that they faced difficulties because of the fact that Asana doesn’t have an offline mode.

        5. TSheets

        If you are running a construction business, assessing your work simply revolves around doing field work, and TSheets is the perfect tool you need to track the employees that are currently in the field without too much work.

        This is a GPS based solution and when all of your employees install it on their phones, they just need to turn them on, check themselves in and start working, while you will have all the data needed to manage their work.

        The manager behind this tool can also use TSheets for scheduling work both from an office or when out in the field. All employees who have this tool on their devices can also see who else is in the field and where they can be found.

        This is a great option that allows people to collaborate in the field in real-time and switch their positions if needed.

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        6. Yodlee

        This tool is designed for efficient financial management. Yodlee is a versatile piece of software that can handle various tasks; no matter if your business is a small team or you have a large corporation, it can get the job done.

        This tool connects with all of your finance accounts and gathers them all in one place securely. You can see all balances and transactions in one window, with the option of running various reports on these numbers and analyzing them for the purpose of reducing all of your business expenses.

        Additionally, with Yodlee you will get an account that can be used to pay your company bills or transfer funds when needed. This is about everything you can do with this tool, but all of these things are quite reliable and efficient.

        Half of the financial organizations in the U.S. rely on Yodlee each day and this shows just how reliable and secure it is.

        7. Journyx

        As soon as you set up Journyx, it will automate all the time management data you have. This software can fill out all of your timesheets on its own, record time entirely on its own, or perform automatic mobile tracking; all of these things can be done with previous user validation.

        Users can track their time spent on a project individually and a manager can do this as well. Additionally, users can take notes while they record their time in order to have a better overview of their work and progress.

        Not only can you track how much work someone has done and in what time, but employees can also request time off through this platform and managers can review and approve or reject these requests. This software also has a Gantt chart that can be used by managers to monitor who is currently working.

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        8. Basecamp

        This is truly one of the most popular project management tools that have been able to stand out from the crowd. It’s a very simple project management tool that allows managers to have a clear and simple overview off all their employees. They can assign tasks, give deadlines, add comments and check off their assignments once they have been completed.

        The whole interface is very intuitive and all employees can get used to it quickly. Additionally, it has a great history bar where you can see all the activities, i.e. who made any major steps, when and which ones. It offers a simple overview for simple business processes and a manager can quickly see where the shortcomings of the team are and focus on improving them.

        9. TinyPulse

        If you are looking to learn how your employees feel at their jobs and how that affects their performance in a simple way, you should use TinyPulse. It’s straightforward and simple to the point where a kid will be able to easily understand how to give great input with this tool. The best thing of all is that an employee needs just a couple of minutes to feel everything out.

        After you get the valuable input from people, you can get a good sense of what your company might need and what its current condition is. After that, you can discuss these issues when you gather for a team meeting.

        10. Pipedrive

        This tool focuses on monitoring a salesperson’s performance. It’s a CRM tool that has robust reporting and a lot of customization options. It’s quite easy to use and it also allows users to transfer data to other CRM systems. It doesn’t have many advanced features or options, but the things that it has work flawlessly. It’s usually used by smaller businesses that don’t have a lot of employees or customers.

        These are different tools that focus on different aspects of business, but they can all be used for measuring how efficient your team is. It’s important to note that you should first analyze your business and see what your needs are before choosing a tool. There are thousands of similar tools out there and these are the ones that have proven to work well and that I’ve found intriguing. Do you have your favorites as well? What can they do? Feel free to provide your input.

        Featured photo credit: https://www.pexels.com/u/unsplash/ via pexels.com

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        Vladimir Zivanovic

        CMO at MyCity-Web

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        Last Updated on May 15, 2019

        10 Most Successful Entrepreneurs and What We Can Learn from Them

        10 Most Successful Entrepreneurs and What We Can Learn from Them

        Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

        Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

        1. Melanie Perkins: Know Your Worth and Keep Trying

          Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

          She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

          Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

          2. Bill Gates: Keep Learning and Exploring

            If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

            Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

            He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

            “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

            Gates’ success is built on self-improvement and the seeds of an idea.

            3. Elon Musk: Never Stop Innovating

              Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

              Elon Musk, however, breaks that rule.

              Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

              When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

              Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

              4. Richard Branson: Develop People First

                British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

                The billionaire is strongly particular about working with a team that shares his core values and aspirations.

                Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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                A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

                Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

                5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

                  Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

                  For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

                  While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

                  While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

                  6. Mark Zuckerberg: Start Small, Think Big

                    Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

                    “The biggest risk is not taking any risk.”

                    He’s always daring to explore with a fearless mindset.

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                    The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

                    However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

                    7. Steve Jobs: Live Your Own Dreams

                      Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                      The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                      Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                      After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                      8. Warren Buffett: Balance is Essential to Success

                        Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                        After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                        With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                        9. Jack Ma: Never Give up

                          On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                          Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                          His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                          Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                          10. Tan Min Liang: Passion Can Pay Off

                            Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                            Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                            The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                            So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                            Final Thoughts

                            In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                            Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                            Featured photo credit: Patrick Tomasso via unsplash.com

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