The Power of the Performance Review
A performance review is the assessment and review of your employees’ job performance. Most companies have a performance reviews scheduled on a regular basis.
Typically, a performance review is done at the end of the year or on the employee’s service anniversary. Regular performance reviews help remind workers what their employer expects in the workplace. They help to provide employers with information to use when making employment decisions, such as promotions, pay raises, and layoffs.
Performance reviews are also a great time for the employee to raise any concerns, issues or discrepancies with their role in the business. When it’s time to conduct your company-wide performance reviews there’s plenty of information on best practice techniques you can follow. There are also a few things you want to make sure you are obtaining from the review:
- Quality feedback
- Active participation from both the employer and the employee
- Obtain valuable data that will help the business set future development and performance goals that are aligned with your company’s objectives
Performance review technology like ours makes this whole process seamless. It not only helps make your performance reviews more progressive, but also helps you obtain more effective feedback and save you heaps of time in the process.