Silicon Valley companies lead the way for coming up with innovative practices for attracting top notch talent. Soon companies the world over started adopting these unique practices to get their own share of talented individuals. All in all, there have been tremendous changes the way recruitment is being done. But what about employee retention? Shouldn’t
Performance reviews have been around for a long time. Yet they are only said to be effective if both parties are comfortable with the assessment that is presented. On the face of it, it may appear that employee performance reviews take up a lot of the manager’s time and efforts. However the resulting payoff of
In the past, we have written at length about performance appraisals or reviews, as they are sometimes called. This article addresses some of the most common misconceptions around the performance appraisals. Misconceptions of the performance appraisal process: 1. Winging appraisals on the spot: Performance appraisals cannot and should not be done on the spot. Managers need
Performance reviews are meant to be unique and tailored for each individual. That is how they can be most effective. Generic (& meaningless) rhetoric does not lead to any performance improvements. Having said that, the competencies for which the individuals are measured tend to be similar to an extent. Mind you though, the similarities are
Performance reviews, appraisals or evaluations – there are many variants for the term. But the perception all of them trigger is almost the same. Managers meeting their direct reports secretively. Pointing out team members’ achievements or failures or both. It isn’t a stretch if we said, team members are the listeners most of the time in
Experts predict that by 2020, millennials will make up 35% of the global workforce with Gen Z making up 24%. That would be more than half the working population! According to some studies, millennials are perceived as someone who feels entitled, impatient and seek quick validation. Unlike the previous generations which appear patient, committed and more
Any organization’s success is determined by a combination of various factors that need to fall in place at the right point of time. One of them is the performance appraisal process. To make sure that employees are performing at optimum levels, it is recommended that their performance be evaluated from time to time. It helps
The only worst thing than training your employees and having them leave is not training them and having them stay. Henry Ford It’s been a long time since Henry Ford said this, yet it is still very relevant today. Employees are the backbone of an organization. It is important that they be skilled in their
Employees are the most critical asset of any organisation. They play an important role in ensuring its long term success. Thus, it makes sense that companies take extra efforts to streamline their performance management process. Companies with successful performance management process are able to engage employees and ensure that they are extracting the best out
Performance evaluations have long been an important part of many companies’ work environment. You get to efficiently determine how the success of employee contributions will be assessed. Good managers, however, take this opportunity to ask well crafted questions to get a better understanding of the employee’s goals, required outcomes or outputs. These questions are aimed at uncovering