How does the Automate Ratings work for Goals in Profit.co?

Profit.co provides an option to automatically update ratings for goals based on their progress.

Why this Feature?

• The automate ratings feature in Profit.co adds significant value by simplifying and enhancing the performance review process. 
• It automatically updates ratings based on the actual progress of goals, according to predefined cut-off percentages. 
• This feature ensures that ratings are accurate, objective, and free from manual errors, leading to more transparent and data-driven assessments of employee performance.

Step 1

Navigate to Settings → Performance → Reviews from the left navigation panel and switch to the Review Template tab.  choose your preferred template, and click the Edit icon.

On the Edit Review Template page, go to the Review Process tab and modify the assessment options to enable automated ratings.

Note: 

• Only Super Users can enable automate ratings.
• You can set automate ratings for the assessments Self, Manager, Peer, and Matrix Manager.

Step 2

Let’s click the Self Assessment Edit icon. 

On the Self Assessment Options side panel, Enable the toggle for Goals and click on the option “Automate Ratings”.

On the Automate Ratings popup, enable automate ratings, add new ratings, and edit the cut off percentage for the existing ratings. After making the changes, click on Update.

Ratings will be calculated based on the goal cut-off percentage during the assessment.

Related Answer Post:

To learn about the process of initiating a new performance review, click here.