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Revealed: Four reasons to conduct performance appraisals regularly

by , 04 December 2013
Do you assess your employee's performance on a regular basis? If not, read on to discover four reasons you should conduct performance appraisals.

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:
 

  1. Measure the extent to which they're fulfilling their job descriptions;
  2. Reward them appropriately;
  3. Help them if they're underperforming (you'll have to provide suitable instruction, training, guidance or counselling); and
  4. Identify non-performers or under-performers to get rid of them if they don't improve within a reasonable period of time.

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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