Performance management and performance-based rewards Employees often expect good performance reviews to result in financial rewards, for example, in the form of a bonus or salary increase. Employers, HR professionals and managers can utilize performance-based rewards to promote employee performance and satisfaction. When implemented thoughtfully, this approach can strengthen the company culture by recognizing and…
How to set the right targets for employees Setting the right targets for employees within your organization is an important part of the management process. It helps improve the performance of individual employees and the team as a whole, ensuring that everyone is committed to the company’s objectives. But how do you choose and define…
8 practical tips to improve your employee evaluations Employee performance evaluations are intended to help your employees and organization realize their full potential. The following 8 tips will help you find out whether you need to improve your current employee evaluation process, SET CLEAR AND MEASURABLE TARGETS Ensure the set targets are clear and measurable,…
What percentage of companies conduct performance evaluations? It is difficult to state exactly what percentage of companies conduct performance evaluations. After all, this percentage depends on various factors, such as the company size, industry and geographical location concerned. According to several studies, employee evaluations are a standard practice in most organizations. Many companies assess their…