Research suggests that roughly half of businesses (48 percent) don’t conduct employee performance reviews. And a 2015 study published by Deloitte revealed that 82 percent of surveyed companies felt that employee review processes were “not worth the time.”
Similarly, a separate research project found that 45 percent of surveyed businesses believed that performance evaluations actually undermined employee motivation, with 41 percent citing manager bias as a pervasive problem that limited the value of reviews.
So given these attitudes, should your business stop these reviews altogether? Or could it be possible that your business isn’t using these discussions to their full potential?
Why Isn’t Your Performance Review Process Working?
Far too often, employee performance reviews occur only once each year, undermining their value particularly when they are treated as a nuisance. Instead, these meetings should be part of an ongoing discussion between managers and their subordinates. At no point…
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