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performance reviews

Are Performance Reviews Necessary?

Ideally, a performance review is a measure of an employee’s growth and achievement over time.  When done correctly performance reviews can be both inspiring and performance enhancing.  However, performance reviews are often performed in a manner that kills motivation, if even done at all.

Issues with Performance Reviews

A study of thousands of employees reveals that only 29% know if they are performing as expected.  The issue is that employees may not know if they are meeting expectations until it is too late.  For this reason, annual performance reviews may not be enough.   Conducting frequent performance reviews will help keep your team stay on the right track.

Engage Employees in an Improved Performance Review Process

Employees who excel at their jobs are achievement focused. They want to know if they are meeting expectations. Their desire to succeed needs to be matched by your regularly checking in with them. Steps that are working for other organizations include:

  • Establishing a regular schedule for meeting with staff about work goals.
    Once a year isn’t enough to get a real-time sense of employee performance or satisfaction.
  • Giving feedback on employees’ achievement and areas for improvement.
    Letting your employees know where they are excelling will keep them motivated.  As well as,  encourage them to strengthen other areas that need improvement.
  • Asking employees what they need to succeed in their jobs.
    Not having the proper tools or training can impede even the most dedicated employee’s performance.
  • Goal Setting
    Setting achievable milestones helps to keep employees on track and feeling motivated.

Consider the above tips when reevaluating your performance review process.  Use them to promote success by effectively communicating with your team on a regular basis.  And keep in mind that valued employees are happy employees.

 

For more employer tips, check out 5 Ways to Reduce Turnover and Improve Engagement

 

Reaching Your Goals

Tips for Reaching Your Goals in 2019

Goals seem to be everywhere. They are in school, on the playing field, and definitely in the workplace. Goals can even overlap. Taking a course on finance supports professional development and personal goals. These tips are steps to follow, supporting your goal completion!

 1.     Show Your Goals

Make your goals visible. Write them on paper, make a sketch, or hang a handy photo. Chat with friends, family and coworkers about your goals. Hearing yourself chat about them lets you know if they are achievable. When you are ready, write one on paper. You do not need a date, just the words: My goal is to…

2.     One Step at a Time

Goals can seem daunting because you are looking at completion. The end. Between start and finish are tasks to fulfill. Each is a small goal. Begin by selecting the first few with a completion date for each. Guess what? After they are written down, you are ready moving toward your goal!

3.     Recruit Helpers

Goal help is everywhere. The hardest part can be asking. Recruit people who want you to succeed. Someone helped them succeed; supporting your dreams is paying it forward.

4.     Track Your Actions

Keep a simple log of your actions; what works or does not work. Use sticky notes, Instagram images, tweets, or a journal. Go with a style within your comfort zone. Just make sure you do it! Reviewing your action log helps with task/goal completion and planning future goals.

 5.     Review and Revise

After you have completed several goal steps, pause to review your progress. Were there necessary tasks you did not foresee? Did you meet any milestones ahead of time? This information helps you plan next steps.

6.     Lessons Learned

After your goal is met, use the review and revise approach to plan your next goal. Engage family, friends, or co-workers in the process. Their perspectives about your progress can add valuable insights.

 7.     Celebrate!

This is the finishing touch. It’s important to acknowledge all you have accomplished. Choose a way that is meaningful for you.

 

“A goal without a plan is just a wish.”
― Antoine de Saint-Exupéry

 

If one of your goals is to work with one of the fastest growing finance and accounting recruiting firms with clients ranging from middle market to Fortune 1000 companies,  we want to hear from you! Click here to learn more about our current opportunities.