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The key to a successful performance review

by , 20 May 2016
The key to a successful performance reviewResearch has shown that holding successful performance reviews can increase your company's overall performance by as much as 20%.

But that's only if it's successful! If you get your next performance review wrong, you'll be wasting the time of not only yourself, but also of your team and the employee concerned, which in turn could lead to demotivation in the workplace, along with a drop in overall performance.

So to help you conduct a successful performance review, we'll provide the key.

Keep reading to find out what it is...

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The key to a successful performance review is…


Preparation

Preparation, as with many things in life, is the key to conducting a successful performance review.

Preparing effectively for your next performance review includes the following five parts…

PART#1: Review employee records

Check that the information on the job requirements, as well the job description, is up-to-date. Also include biographical information as well
as past career experience for your review.

Other useful bits of information you could review include personality profiles and aptitude test results.

PART#2: Know the employee's competencies

Know the skills and competencies required for the position and how these match up with the employee concerned.

PART#3: Know the employee's objectives

Go over the notes from the previous review (if there was one) and refresh your memory on the objectives you agreed on.

PART#4: Assess the employee's achievements in your workplace

Look into how the employee has done against the objectives agreed on, and see where she can improve. Here you could weigh up factors such as quantity, quality, time and cost.

PART#5: Be clear on what performance standards you expect

Decide on what performance standards will be set for the next review in advance and make them clearly known to the employee on the day of the review.
 
PS: Did you know that there are two other parts to effectively preparing for a performance review?


*To see what they are, page over to chapter P 02 in your Practical Guide to Human Resources Management handbook.
 If you don't already have it, click here to order your copy today.  

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