Giving and receiving performance feedback is an essential part of any performance-based organization and an important part of any working relationship. This is especially true during performance reviews, when employees and management come together to discuss the employee's work performance.
Unfortunately, many companies struggle with the performance review process because it can be difficult to provide feedback that is both meaningful and actionable. Many performance reviews fall short of this goal. Employees often feel that their fate is pre-judged, or they are anxious about the review process and what it will mean for their future. This can lead to a lack of communication and understanding between employees and management.
In fact, recent studies show that up to 70% of employees feel that their performance feedback is inaccurate. This can be due to a number of factors, but the two biggest are a lack of trust and a lack of communication.
In this blog post, we will discuss how to create a two-way dialogue during performance reviews, so that both parties can understand each other's expectations and goals. We will also discuss how to build trust within the performance review process, so that employees feel comfortable sharing their feedback. By creating a two-way dialogue and building trust, we can ensure that performance reviews are accurate, actionable, and meaningful for everyone involved. Thanks for reading!
Establish an effective performance feedback program that is beneficial to both the employee and management. A process that is well understood, agreed upon, and consistently executed, yielding positive results and measurable outcomes.
Do you have any tips for performance reviews? Let us know in the comments below! And be sure to check out our blog next week for more great tips on performance management!