Employee reviews are an inevitable and critical part of an individual, team and organization's growth. From a traditional viewpoint, the performance review is a culture of annual planning, budgeting and the desire to link performance to compensation.
Employee's Thoughts
- focus on past performance than on future improvement
- focus on recent performance rather than overall performance
- goal alignment is not clear
- many of the performance indexes used don't relate to performance
Manager's Thoughts
- time-consuming
How to optimize the performance review process:
- Employees feel valued and invested in their work
- Employers have a systematic way to track performance and ensure employees are directly contributing to the wider goals of an organization
However, work is less predictable and goals rapidly shift in response to changing priorities and market changes.
Solutions
- Continuous performance management and communication
- Shorter-term objective setting
- Real-time feedback
- Frequent 1-on-1 check-ins
- Performance review training for management executives
Measurement
- Efficiency
- Quality of Work
- Innovative Thinking
- Helpfulness
- Skills Development
- Adherence to Company Values
