Best Practices for Performance Reviews

Posted by | Monday, March 14, 2016
Best Practices for Performance Reviews

Performance reviews--typically handled once a year --are a critical step for assessing employees.   Performance reviews aren't considered a hard science and accurately measuring individual employee performance really varies from company to company.   Here are some best practices that companies can implement to make the process more productive and enjoyable:

Communicate Frequently

Give real-time feedback throughout the year. There should really be no big surprises in the annual review.  Employees should have a good feeling for where they stand at review time.  Without having to hash out problems from the prior year, the manager can instead focus on an employee's future growth. 

Revamp Old Performance Forms

Still using that same five-year-old form?  Companies adapt to the changing business environment, so why shouldn't human resources?   What was effective 5 years ago, may no longer apply to how business is done today.  It is time-consuming to rework old performance appraisal forms, but in the end, you will get a more accurate assessment of performance.

Align Employee Goals with Company Objectives

Tie in employee performance closely with your company's strategic objectives.  Empowering employees and making it clear how they contribute to a company's success, leads to more productive employees and higher profits.

Consider Peer Feedback

Employees these days typically aren't solitary beings and find themselves frequently working on teams.  Be sure to include team member feedback in the performance reviews to help address any potential biases.

Does your company need help managing the performance appraisal process?  At ModernHR, we offer a wide range of services including performance reviews.  Contact us today to see what we can do for you!

Category

Recent Posts

Do You Have to Choose Between Strength and Kindness While Running a Business?

Do You Have to Choose Between Strength and Kindness While Running a Business?

Many business owners might feel like being strong and kind at the same time isn't possible. Either you can assert yourself, be strong and get people to do exactly what you want or you can be kind and give other people what they want. So it's a question of choosing between wants. But isn't it possible that what you want and what the employee wants are, at heart, the same thing? In that case, it ought to be possible to be both strong and kind at the same time. 



Read More...

Why and How Do You Come Up with a Mission Statement for Your Company?

Why and How Do You Come Up with a Mission Statement for Your Company?

When you start a company, you might have certain aims and goals in mind but they may not be written down. However, it's always a good idea to come up with a mission statement right from the beginning. This will help to keep you and your employees on track. It will also help to keep your customers in the loop. It will become a part of your brand. 



Read More...

Face Your Fears by Developing Emotional Intelligence and Motivating Yourself

Face Your Fears by Developing Emotional Intelligence and Motivating Yourself

When you start a business, your main fear is that it's not going to take off. In fact, there are businessmen who have tried up to ten times before establishing a business that does well. Although owning your own business is the best way to increase your income, it's also a very difficult process. 



Read More...

First Item First Item

Contact Us Have an HR Question? Get us at:

877-842-4988
310-601-3260
hello@modernhr4u.com

Stay in touchReceive our best HR tips and tricks via email every month