What is a Performance Review?
A Performance Review, also known as a Performance Appraisal or Analysis, is a structured evaluation that allows managers to assess an employee’s work performance, identify their strengths and weaknesses, provide constructive feedback, and set goals for future growth. In the past, it was common for organizations to conduct annual performance reviews for all employees. However, modern workplaces are shifting towards more frequent feedback through a dynamic performance management system. This may involve quarterly, monthly, or even weekly reviews conducted by managers. Some companies have completely done away with formal performance reviews and instead emphasize more casual manager check-ins and one-on-one discussions.
Geeky Takeaways
- A performance review is an organized evaluation process that measures an employee’s work performance against predetermined objectives, expectations, and key performance metrics.
- This includes providing feedback, setting goals, and engaging in conversations regarding professional growth.
- The main objective of a performance review is to evaluate and discuss an employee’s job performance.
- Performance reviews are a top priority for HR leaders, as they offer a structured method for evaluating employee contributions.
Table of Content
- Purpose of Performance Review
- Why should HR Leaders care about Performance Reviews?
- Tips for effective Employee Performance Reviews
- Examples of Performance Review Questions
- Examples of Performance Review
- Types of Performance Reviews
- How can Effective Performance Reviews improve Company Culture?
- Frequently Asked Questions (FAQs)