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Best Practices For Managing An Outstanding Performance Review Process

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Performance review 2% How to manage an effective performance review Best Practices for Managing an Outstanding Performance Review Process The performance review process often gets ignored in today’s agile operating environments where people change jobs quickly and employees often care more about their industry and peer reputations than they do about company rankings. Many companies have replaced the formal performance review with greater managerial input in daily operations, social media and customer reviews and informal check-ins. However, a formal appraisal still generates many critical benefits such as determining salary raises, promotional opportunities and candidates for more advanced training and succession planning. Curating the Performance Review Process Regardless of whether your organisation is new to the review process, returning to it after a lapse or reorganising its review strategies, it’s important that the plans include everyone involved - such as employees, managers, senior executives and even stakeholders like customers. The more engaged people are in the performance review process, the greater the benefits will be. That takes planning, discussions of the topics to be covered in advance and an agenda for reviewing performances. Best practices include making sure that there are no major surprises by providing regular feedback throughout the year, offering training and support and discussing how the review process will be measured and what the stakes

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