Performance-Based Compensation For Salary Amendment – Merit Pay Platform Updated
Percival has launched expanded services for team leaders, managers, and company executives to improve the accuracy of salary and budget reviews, calculate performance-based compensation, and improve transparency based on data gathered from employees.
More details can be found at https://www.percival.live
The platform’s latest launch improves the speed and functionality of periodic reviews of performance, funding, and salary updates. By basing management decisions on information from workers on the ground, Percival users can access insights and operational perspectives that might otherwise be missed.
According to a working paper published by the National Bureau of Economic Research, supervisors are often reluctant to flag substandard team performance for fear of creating conflict within the workplace. By empowering employees to become part of the appraisal process, Percival encourages greater employee responsibility and accountability for themselves and their co-workers.
Percival uses advanced algorithmic formulas to calculate proposed percentages and budget splits, derived from quarterly surveys with workers and reviews conducted upon the completion of large projects.
There is no limit placed on the number of members within a team, making Percival a scalable platform capable of serving large organizations and small businesses alike. A streamlined, intuitive interface makes the appraisal process swift and hassle-free through a drag-and-drop design.
Users can place staff on different levels of the platform, weighting the value and influence of their feedback on the overall recommendation scores. Managers and admins have control over who sees the results but Percival advocates for transparency in this process to encourage trust between staff of varying seniority. Managers can participate in the survey process too if they so wish.
Further updates are also in the pipeline to allow people to participate in more than one appraisal at the same time.
The company provides unique software to facilitate empowerment and growth within the workplace. Percival is used worldwide by companies such as The Ready, WebGoal, and Objective Solutions.
A satisfied client says, “We make some of our most important decisions with the help of Percival – including how we distribute ownership of the organization itself.”
With its latest platform updates, Percival is making workplace appraisals a faster, more intuitive process for managers and team members.
For more information, please visit https://www.percival.live
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