Boost Performance & Keep Top Talent
Not demure, not cutesy, yet EFFECTIVE.
If my TikTok humor is lost on you, don't feel sad. You're obviously not wasting time like I am on social media.
Not to sound any alarms, but we are one month from Q4, people! And while running your first formal performance review cycle or revamping your current process may not be in the cards for you for 2024, let's make a plan to make it happen in 2025. Why do we talk about this so much? Let’s dive into why!
Employee Engagement
Organizations that conduct regular performance reviews see a 14.9% lower turnover rate than those that do not, as consistent feedback helps keep employees engaged and connected to the company’s goals.
Goal Alignment
69% of employees say they would work harder if they felt their efforts were better recognized. Regular performance reviews are an opportunity to align employee efforts with company goals and recognize achievements.
Improved Performance
According to Gallup, companies with managers who provide regular feedback have a 12.5% increase in productivity. This demonstrates that performance reviews contribute significantly to improved employee performance.
Talent Retention
Companies that do not regularly review and discuss performance are twice as likely to lose top talent. Annual reviews provide an opportunity to identify and retain high-performing employees.
Development Opportunities
92% of employees believe that constructive feedback can improve performance. Annual performance reviews offer a structured opportunity to provide this feedback and discuss development opportunities.
Many organizations treat annual performance reviews like a ‘check in the box’, bringing little to no impact. With over 20 years of research and experience, our tiered, 5-point scale approach brings you and your employees value, ensuring recognition of the areas of success and actionable feedback for the areas of improvement. Take your performance management process to the next level and download our templates today. Or, Elevate your leadership and management training with our all-inclusive Performance Management Toolkit! This essential package provides everything you need for a successful roll-out of your performance management system.
We’re rooting for you!
