What You Need to Know About Performance Management

by | Sep 27, 2022 | Blogs

The goals of your business and the resources you have at your disposal will determine the best employee performance management approach for your company. Here are a few guidelines to follow while formulating policies and conducting evaluations:

  1. Employees often experience anxiety and worry during performance reviews because they are unsure of how they will be judged and fear receiving an unexpectedly negative review. However, reviews, regardless of frequency, are to be expected. The evaluation becomes more of a reminder and summary of what employees are doing well and where there are possibilities to improve if regular feedback on performance is given and poor performance is addressed as it occurs.
  2. Having well-defined goals and keeping workers to them leads to greater productivity. Boosting morale is an added benefit. Although having difficult conversations with an underperformer can be difficult, ignoring that employee’s bad performance can lead to widespread dissatisfaction and animosity from coworkers whose work is impacted by the employee’s poor performance. When a problem is poor performance, ignoring it merely makes it worse.
  3. When workers contribute to the development of performance targets, they are more likely to view them as personal.
  4. Employees are more likely to feel invested in the company’s success when they can see how their individual efforts contribute to the company’s overall goals and mission.
  5. To ensure that discussions at performance review meetings are relevant to the employee’s actual responsibilities, it is helpful to frame them in terms of the requirements outlined in the job description.
  6. A written record of performance reviews can be used to back up salary increases, decreases, and other employment decisions like termination, which might otherwise be subject to discrimination claims if they were ever challenged in court. When firing an employee, it’s best to have paperwork ready to prove there were valid business reasons for doing so.

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