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Streamline your performance reviews so you can see business results.
If any CEO, or manager for that matter, were asked about their company’s most valuable asset, employees would undoubtedly fall into the No. 1 or No. 2 spot. While technology and other products may be at the center of many companies’ offerings, employees are likely the key behind their success. That’s why it may be time to seriously think about restructuring employee evaluations so that they’re perceived as the...
Employee evaluations. They’re easily in the top three of the most dreaded meetings at every corporation, quite possibly just behind that meeting announcing your termination. Yeah, they’re that bad, according to surveys about these performance appraisals. Even worse, both employees and managers find them ineffective. Here’s the breakdown according to a survey: 58 percent of managers reported that performance...
Expedia did it. So did Deloitte, Gap, Microsoft and Adobe Systems. These companies all decided to put an end to the annual ritual of employee reviews — opting instead to give feedback through other processes, like real-time conversations and spontaneous reviews. It seems to be a small yet growing trend, according to Cliff Stevenson, senior research analyst at the Institute for Corporate Productivity, who was...
Seems like we still have a love-hate relationship when it comes to peformance reviews, with most of us finding little to love about them. Even top-performing employees dread them, according to research by psychologists from several universities. Why? No one seems to appreciate critical feedback — one of the key tools for improving performance. The study, which included surveys of 234 employees at a large...
With the search for top talent becoming increasingly competitive, it’s no wonder many businesses are faced with the challenge of retaining employees. The climate has significantly changed, according to a Forbes article. Employees are no longer concerned about being stigmatized for showing a resume with stints at companies lasting only one or two years. In fact, depending upon the industry, employees who stay at...
Streamline your performance reviews so you can see business results.