Types of Performance Reviews
There are many different types of employee performance review systems. A performance appraisal is an employee review by a manager where the employee’s work performance is evaluated and strengths and weaknesses are identified, so that the employee knows where improvement is needed. This is also a good time to set new goals and expectations for your employees.
Over the years there have been some new types of reviews that are being met with success in today’s business world. These require that evaluations be done not only for raises, promotions, or bonuses, but for an employee’s growth and development. These include:
- Management by Objectives: A method of performance evaluation where the employee and manager agree which goals need to be met and the timeline to meet the goals.
- Ratings Scale: This methodology requires an employer to develop an in-depth grading system, that measure’s an employee’s success within a variety of areas, such as technical skill set, teamwork and communication skills. Those that do not make the grade are often put on a performance improvement plan.
- 360 Degree Feedback – This is a new kind of performance review that usually accompanies either an Objectives or Rating Scale Review. It involves conducting a survey involving multi-raters including an employee’s supervisor, and a mix of peers and any direct reports. This allows the company to gain a complete profile of the employee. This kind of review allows for in-depth feedback on the employee’s behavior.
- Self-Appraisals or Reviews: These are used to have employees rate themselves on a number of criteria and suggest improvements. This should be done before the actual live performance evaluation.
For more information and detailed explanation on how to use each of these evaluations, please see “Performance Review Form Instructions”.
No matter which type of performance evaluation your employer chooses to use, remember that the goal is to foster communication between managers and employees. To make your performance reviews as productive as possible, try the following steps:
- Be prepared
- Lead with the positive
- Don’t be confrontational
- Keep it Simple
- Be consistent
- Make it a two-way conversation
- Address what’s important to the employee
- Discuss work/life balance
- Be a good listener
- Give Feedback Regularly
For more detailed information regarding how to conduct an effective performance review download “How to Conduct an Effective Performance Review”.