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…
Performance reviews: worth doing if I can’t offer financial rewards? Employee evaluations are often associated with performance-based salary increases or bonuses. But some companies simply can’t afford to offer financial rewards. Should they still conduct performance reviews? Absolutely! Because the value of a structured performance review cycle goes way beyond mere financial incentives! Even without…
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…