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…
Effective target setting: 10 tips for managers Target setting is an important stage in the performance review cycle, and crucial for the success of both individual employees and the organization as a whole. Target setting takes place at the beginning of an employee’s evaluation period, and the target setting meeting provides a unique opportunity to…
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,…
Disadvantages of 360-degree performance reviews Although 360-degree feedback approaches have gained in popularity, they do have several drawbacks. Five disadvantages of 360-degree performance reviews are described below. What do 360-degree performance reviews involve? 360-degree performance reviews are an employee evaluation method used to gather feedback from various sources. These sources must have been in direct…
Why should smaller businesses conduct performance reviews? In small and medium-sized businesses, a lot of emphasis is often placed on building a cohesive team and delivering high-quality products or services. Although evaluating employee performance may not feel like a top priority, it is important for smaller businesses to recognize performance reviews are a valuable tool.…