Yes, it is that time of the year again when several companies will begin the process of the mid-year performance review. Managers and employees will spend a large amount of time and effort reviewing the previous six months’ performance against competencies, goals and objectives. The cost of this exercise not to mention the lost revenue opportunities or cost savings in earlier months now become a reality. All too little too late.
Topics: employee feeback, performance reviews, traditional performance reviews, mid year performance reviews, employee reviews, annual review process, employee performance, employee performance appraisal, low-performance work culture
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8 Things Business Can Do to Calm the Storm
Yes, there is a storm at work! Personalities that morph into lightning, heavy rain, tornados, and even drought, can turn your workplace into a combat zone. As employers, we know that our employees are multi-faceted. And we understand that all personalities don’t always get along.
In the recent Mckinsey article, Ahead of the curve: The future of performance management, takes us on a journey of what really happens after companies jettison the traditional year-end evaluation. I couldn't agree more that the annual review is out….and, I don't have to stand alone on this one. Google, Microsoft, Deloitte, GE and Gap will all agree that trying to capture relevant data one year after the fact is actually an oxymoron.
Topics: employee feeback