The performance review: it’s one of those critical yet often complex parts of HR management.
Conducting a successful employee performance evaluation is no small task when your end goal is made up of so many moving parts: obtaining valuable feedback on strengths and weaknesses, assessing competency and skills, facilitating goal setting, and weighing up training needs, all while promoting psychological safety and empowering professional development.
It’s no wonder even the most seasoned of managers can spend, on average, 17 hours preparing each employee’s review.
Fortunately, a few small changes to the performance review process can make a huge difference. First thing’s first; we’ve put together a free downloadable performance review template to equip you with the key questions for making the most of your evaluations.
On top of that, we’ve got some handy recommendations on how to improve the way you receive, measure, and implement employee feedback from the get-go.
Employee performance reviews are designed for managers and employees to give and receive feedback based on some or all of the following objectives:
The aim is to gain tangible and measurable metrics around the performance of your employees, teams, and company as a whole. Comprehensive feedback facilitates meaningful decision-making internally and provides an accurate understanding of how they’re contributing to the success of your customers, clients, and overall business. After all, your people are what create returns in your business.
Here’s a breakdown of the most widely-used employee performance review frameworks, their purpose, and the key question they’re designed to answer. You probably recognize and have conducted some, if not all, of these types of evaluation.
When exchanging feedback between employer and employee, there are a few key factors that can make or break the whole process. We recommend that you:
To help get you set up for success, you can use the free employee performance review template above to frame your feedback and ensure you’re covering all bases. This is an editable resource so you can tailor it to your organization and what works best for your performance review process.
At a time when 58% of office workers find annual performance reviews stressful and 90% of HR leaders feel traditional performance reviews don’t generate accurate information, it’s clear the performance review process is ready for a refresh. Managers not only have an opportunity to streamline employee evaluations but also a responsibility to alleviate challenges on both sides.
Effective people management is like watering your pot plants. For them to grow, you don’t just spritz them once a year or every quarter. You check in on them regularly, take cues from their state of wellbeing, and identify and remedy issues early on to help them flourish.
Continuous performance management reflects this idea, replacing the conventional 90-day, annual, and peer review activities with a more regular cadence of valuable touchpoints (on a monthly or weekly basis) between managers and employees.
As a manager, you’re then equipped with timely, accurate, and measurable data to empower strong performance and break down any barriers to success your employees might be facing before they become a bigger problem. For employees, they receive timely, relevant feedback that they can implement in the moment rather than months down the track.
Continuous performance management provides a framework that’s made up of three core actions:
Choosing continuous performance management approach and implementing it using HR software like intelliHR enables you to:
Want to learn more about how to implement Continuous Performance Management in your organization? Check out our ultimate guide.
We hope you find the free performance review template useful. That being said, we encourage you to consider a more holistic approach to managing quarterly performance, annual evaluation, and employee self evaluation with continuous performance management which can offer benefits that go far beyond the traditional performance review process.
intelliHR is a people and analytics platform helping HR, leaders and managers enhance performance, culture, engagement and retention. With powerful automation and real-time analytics, see how the platform works today.