Elevate your Annual Reviews

Many organizations do their annual evaluations in the first quarter. However, research shows that managers and employees dislike performance reviews. The fundamental aspect of any evaluation is COMMUNICATION. Let’s discuss some review processes used by organizations.

360-Degree Review
Feedback is gathered from a variety of levels (i.e. subordinates, colleagues and supervisor). The employee also provides input on their view of their performance.

Pros – This can allow an organization to develop employee behavior and improve employee relationships.
Cons – This feedback tool is not customized to the needs of the organization. Some question the accuracy of results.

Hay Job Evaluation
This process allows an organization to map out different roles. Aspects of each role and a score are reported in the long profile, while the short profile details the nature of the role (i.e. accountant or sales manager).

Pros – This process provides salary benchmarks. It creates clear job descriptions and improves succession planning.
Cons – Some argue this evaluation supports the values of traditional management. It should be conducted by a trained expert.

Performance Reviews
An employee’s performance is documented and evaluated by their immediate supervisor. Although they are usually done on an annual basis, some organizations are doing them more frequently to improve communication.

Pros – It can enhance employee focus, determine training needs and improve performance.
Cons – There is a significant time lag in work and feedback. There are negative views on this process due to its subjective nature.

There are numerous other types of performance evaluations used. Instead of a lengthy review process, teach your supervisors and managers to give timely feedback. 

Contact the experts at the Davidson Group for ideas on how to improve your review process for better employee performance.