An astonishingly low number of employees feel that their performance appraisal is effective. Polling regularly shows about 1 in 5 professionals support the traditional annual or bi-annual performance review. This data clearly suggests that the system of analysing employee performance and offering feedback needs major adjusting.
A new employee review system is proving to be effective and welcomed by staff and managers alike. Continuous performance management is being adopted by forward-thinking companies looking to not only improve the employee review process, but encourage employee growth and team morale. Read on to learn how your organisation can implement it and benefit from this processes.
WHAT IS CONTINUOS PERFORMANCE MANAGEMENT
It involves conducting ongoing employee reviews throughout the year to assess their performance. The definition of continuous will differ for each organisation and even within teams in the same organisation, but it will be at frequent and regular intervals.