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Does your company include 360 degree reviews in their employee appraisal process? The popularity of this approach to employee evaluations continues to grow. There are clear benefits of this approach to the complete evaluation of employee performance. Oftentimes, the result is a more holistic view of the employee's work, as their peers may see strengths or areas for improvement that their manager may overlook.
Clearly communicating employee expectations can mean the difference between a productive workforce and one without direction. You may already have a process for setting employee goals. But are the goals clear to your employees, and are your employees achieving them?
The SMART goal concept tests a goal on five key factors that ensure that the goal is clear and appropriate for the employee.
1. Specific – The goal must answer the W questions like who, what, where, when, and why.
When you observe great performance by an employee, let them know! Recognize their success now and include it in a formal performance appraisal management process later.
There are many creative ways to show appreciation to your employees that do not require a large budget.
– Give monthly or yearly awards
Give awards based on various qualities that you observe in your employees (Tea
You have invested substantial time and analysis identifying leadership competencies that are important to your company. You rate your employees on these metrics in an effort to discover hidden leadership potential in your employee base. But could you be missing some of your best potential leaders in your organization by concentrating on competencies that are typically masculine characteristics? Are your company’s performance standards skewed to favor one gender over the other?
To enable continued business growth, keeping your employees motivated and productive is crucial. While daily interaction is important, regular reviews of your employees’ goals, performance, and development will yield tremendous benefits to your growing business. Here are just a few of the major rewards you will experience by managing employee performance.