Strategic Business Directs says for many business owners, there are only two reasons they conduct employee performance reviews: If an employee requires discipline or deserves a raise.
This shouldn't be the case.
'A business owner has much to gain when they schedule employee performance reviews on a regular basis (more than the typical annual employee performance reviews).'
Here are the four benefits of conducting performance appraisals on a regular basis
The 'No Excuses' Guide to Performance Management says you must conduct regular assessments of your employees' performance so you can:
The bottom line: Regularly scheduled employee performance reviews allow you to correct bad behaviour before it affects your company's bottom line.
Remember, '12months is a long time to expect an employee to wait for a performance review. You may be amazed at the benefits your company will reap by keeping the lines of communication open on a regular basis,' says Strategic Business Directs.
Now that you're aware of the benefits of conducting performance appraisals on a regular basis, make use of this tool to help increase your business productivity.
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