Moreover, while crucial, simply doing end-of-year reviews is not often enough to really grasp how well your employees are performing and feeling. Therefore, your choice of words when giving feedback must reflect this approach.īy the way, a performance review is not a substitute for providing constant constructive feedback throughout the year. Likewise, they must feel that feedback is not criticism but is intended to make them happier in their work by being more productive and more highly appreciated. Employees must feel empowered to open up and speak frankly. Keep in mind that a performance appraisal is a dialogue. Identifying candidates for promotion/succession planning.Improved planning for employee development.Surface – and resolve – any grievances.Increased job satisfaction and motivation.Improving performance and profitability.Identifying areas for further training.Learning about areas of your business that could be improved.The many benefits of performance appraisals include:
This can help them define successful career paths for their work and careers in both the short and long-term. Planned and executed properly, they offer an important opportunity to provide employees with constructive feedback. The performance appraisal process can be extremely positive for both employees and management.
#BENEFITS OF EMPLOYEE PERFORMANCE APPRAISALS SERIES#
The next article in our series of how small changes can affect your business in a big way explores why you should think about doing performance appraisals with your employees and how you can carry them out. Last week, we discussed how you can stay compliant with employee labour law. It is a process that begins with getting the right people, setting the right employee expectations, coaching employees to deliver efficient, high-quality service and dealing with under-performance in a proportionate and appropriate manner. Performance management is not just about dealing with poor performers. That said, getting the best performance from employees can dramatically impact customer satisfaction, which the business directly benefits from, and one way of promoting this is with the use of performance appraisals. “People businesses” like hospitality are hit especially hard by these expectations, and staff’s motivation can suffer as a result. Changing public and business attitudes have only led to tougher conditions for workplace success. Getting the most out of employees has always been challenging.
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