New Wave Business

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2024
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Quarma360

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Fair, AI-assisted 360° performance reviews and bonus calculation for European SMEs, with no monthly fees. Quarma360 is a 360° performance review platform built for growing European SMEs with 10–300 employees. It suits companies that have outgrown Excel but don't need, or can't justify, enterprise HR software. Instead of a single manager deciding an employee's rating, everyone involved evaluates each other on defined competencies. That includes managers, direct reports, peers and the employee themselves. Teams can pick from a competency bank built by HR professionals or create their own soft-skill and hard-skill frameworks. The built-in Themis AI engine supports the whole process: - Setup: maps your organizational network, generates competencies and translates content. - AI telemetry and Trust Score: detect suspicious rating behavior as it happens, such as rushed submissions, uniform scores or coordinated reviews. Those evaluations then count for less, so results are more accurate and harder to game. - AI assistant: helps with admin work during and after each assessment. When an assessment closes, Quarma360 instantly produces reports by competency and rater group, with network diagrams and analytics. An optional 15-level bonus/malus system turns results into bonus calculations automatically, so employees can see exactly how their ratings affect their pay. Results can be linked to meetings, files, tasks and development plans so feedback turns into action. Key features - Anonymous 360° and multi-perspective evaluations (self, peer, manager, direct report) - AI-assisted setup, competency generation and one-click AI translation for multi-country teams - Trust Score and AI telemetry to detect and down-weight suspicious ratings - Optional automatic 15-level bonus/malus calculation - Instant reports and analytics, with full access to historical data between assessments - Native Android and iOS apps with push notifications and biometric login - Sign-in with Microsoft, Google or Apple; API access for exporting data - Sensitive data hosted in the EU, with employer-controlled privacy settings Quarma360 uses pay-per-assessment pricing. There are no subscriptions, packages, tiers or user limits. Companies pay per employee for each assessment round, and all features are included. Using the platform and viewing results between rounds costs nothing. Setup typically takes 2–3 hours, and no IT investment is needed. Quarma360 is built by New Wave Business (NW Business Ltd.), based in Hungary.

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HQ Location:
Dávod, HU

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What is New Wave Business?

New Wave Business is a Hungarian company specializing in providing innovative business solutions and consulting services. The vendor focuses on enhancing operational efficiency and driving growth for its clients through tailored strategies and technology integration. With a commitment to delivering high-quality services, New Wave Business aims to support organizations in navigating complex market challenges and achieving their business objectives.

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Year Founded
2024
Website
nwbusiness.hu