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WHY DO COMPANIES USE ANNUAL PERFORMANCE REVIEWS?

//WHY DO COMPANIES USE ANNUAL PERFORMANCE REVIEWS?

WHY DO COMPANIES USE ANNUAL PERFORMANCE REVIEWS?

If annual appraisals are so unpopular, why do over half of companies continue to do them? Well, formal performance reviews have their uses. They provide a systematic way to measure and track employee performance against objectives and KPIs, to improve results. The data can be used to reveal company-wide trends. Fans of the annual appraisal say it’s a tool for year-on-year performance comparisons that feed into business decisions. And of course, all that data fits nicely into a spreadsheet!

The problem is, however nice the data looks, it is often wrong! Research shows annual appraisals fail to accurately measure performance or improve results. For example, at least 30% of performance reviews lead to decreased employee performance! So, where did it all go wrong? Let’s find out.

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Why Performance Reviews Don’t Work

By | 2017-12-17T20:11:06+00:00 December 17th, 2017|Uncategorized|0 Comments

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