Why top 40 Accountancy firm Hazlewoods chose Actus to create a more meaningful appraisal process.
The Financial Conduct Authority have now finished consulting on CP17/25 and CP17/40 and issued in July 18 their near final rules and policy PS18/14: Extending Extending the Senior Managers & Certification
Regime (SM&CR) to FCA firms. As expected SM&CR will be extended to all Financial Services businesses large and small (it already applies to banks) and December 2018 has been announced as a key date for this to start. Actus Comply, the first fully integrated performance appraisal and SM&CR software in the market-place is ready to support firms with this requirement.
We already have a number of clients in this sector and understand that you need to be able to clearly and consistently manage and recognise high performance and very often link this to remuneration with demonstrable fairness. HR professionals in financial and professional services organisations have an intelligent and demanding set of internal customers.
There is a requirement for you to provide visible development and career opportunities in order to retain ambitious talent at the same time as demonstrating real-time compliance with the evolving regulations. Over the years many financial services clients have selected Actus as their performance management system of choice for many of the reasons below. However, with the new FCA regulations coming into force for all financial services firms from Sept 2018 our new integrated SM&CR software module makes Actus the natural choice for meaningful performance management and compliance:
Actus offers the first fully integrated Performance Appraisal and SMCR software on the marketplace enabling compliance and buy-in. To find out more, just get in touch with one of the team below.Request a Demo
Actus Performance Management Software offers more standard features than our competitors. It is designed to reduce the ‘tickbox’ mentality, eradicate clunky paper-based processes and introduce a consistent performance management approach. This results in increased employee engagement, productivity and supports the development of quality people performance processes resulting in cultural transformation.
Engaged employees feel they have a future within an organisation and can be retained and motivated by feeling their aspirations are taken seriously and can be fulfilled.
Regular feedback against objectives has been shown to encourage high performance and recognition drives engagement. Actus puts feedback at the centre of the appraisal process with a range of feedback options.
Setting and monitoring SMART objectives that are aligned with business goals gives clarity and focus. Actus offers the facility to add, edit and review performance against objectives throughout the year.
Regular 1 to 1’s are a key part of ongoing performance management, turning Actus from an appraisal system into an essential management tool.
Actus enables the identification and tracking of development and training needs as well as increasing compliance by tracking and reporting on key qualifications and Continuing Professional Development.
Any ongoing performance management process needs to be supported by aligned appraisal templates. Actus offers the facility to have one or many templates.