Why Annual Performance Reviews are a Waste of Time (and What You Can Do Instead)
Are you tired of annual performance reviews that feel as exciting as watching paint dry?
Traditional performance reviews are not only boring but also completely ineffective.
The Boring and Ineffective Nature of Traditional Reviews
During the typical annual review, managers rate employees in a number of areas and provide comments. This process is time-consuming and dreaded by both managers and employees.
Is there anything more painful than having to tackle this review form (example from All Business Templates):
What's worse, this only happens once, maybe twice, a year, which means employees might be waiting months for feedback or recognition.
And the feedback given during the review is often generic and doesn't provide enough detail for employees to improve.
Getting feedback during an annual review is like trying to learn how to swim by reading a book on it once a year. It's just not enough.
The Solution: Continuous Performance Evaluation
So what's the solution? Enter continuous performance evaluation.
This approach differs from traditional reviews in that it allows for ongoing feedback.
With continuous performance evaluation, employees receive feedback in real-time, which leads to increased engagement, productivity, and employee satisfaction.
Real-Time Feedback Helps Employees Improve Faster
Continuous performance evaluation allows for real-time feedback that can help employees improve faster.
It's like having a lifeguard by your side, giving you tips and tricks as you swim.
The result is a much more effective feedback loop that helps employees improve and grow throughout the year.
Not only will they improve more quickly but managers and employees will always be on the same page with regard to performance.
This means that you can identify problems sooner - tackling them before they get too big and cause problems or cost money.
You can also identify outstanding employees sooner, celebrate them, and take advantage of their skills more readily.
Either way, the business benefits from taking a more continuous approach.
Say Hello to Continuous Improvement
So if you're tired of the long, boring, and ineffective annual review process, it's time to consider making the switch to continuous performance evaluation.
It doesn't have to be a difficult switch. You can even use some of the tools you already have to get the job done.
You'll be amazed at how much more engaged and productive your employees can be, not to mention how much your business can improve as a result.