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S1 Ep. 10 - To Review or Not Review?
Manage episode 339543637 series 2972004
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Welcome to the True Talk Café Podcast Ep. 10 - To Review or Not Review
Annual performance reviews often are considered time-sucks of meaningless paperwork and awkward meetings between manager and subordinate who suddenly seem like strangers.
Most companies have an annual or semi-annual performance review process where managers provide structured feedback to their employees. While effective in theory, these irregular check-ins can seem like token efforts which yield few tangible results or overall organizational communication.
Annual performance reviews often are considered time-sucks of meaningless paperwork and awkward meetings between manager and subordinate who suddenly seem like strangers.
Most companies have an annual or semi-annual performance review process where managers provide structured feedback to their employees. While effective in theory, these irregular check-ins can seem like token efforts which yield few tangible results or overall organizational communication.
Show agenda:
- History of the Performance Evaluation?
- Guests Questions
- Research shows that only 8% of companies report that their performance management process drives high levels of value, while 58% said it is not an effective use of time. Do you agree with these statistics? Why or Why not?
- Why are annual performance reviews often considered time-sucks of meaningless paperwork and awkward meetings between managers and subordinate who suddenly seem like strangers?
- How can organizations create an environment where employees are authentically and intrinsically motivated and where creativity can flourish?
- Survey Results
- At least 30% of the performance reviews result in decreased employee performance.
- A TriNet Perform study conducted by Wakefield Research in September 2015 surveyed 1,000 U.S. full-time employees born after 1980 and found that infrequent feedback had a negative impact on Millennials
- Approximately 70% of Millennials, see their company’s review process as flawed, but also depend on it for their professional growth and development.
- 85% of Millennials would feel more confident in their current position if they could have more frequent performance conversations with their manager.
- The number of employers that are either ditching the numerical ranking of employees or tossing out the entire performance review process. Some 58% of executives do not believe their current performance management accomplishes what it is meant to do.
- Guest:
- Markel Riggins(LI: @markelriggins)
- Pod crew questions
- Renee
- Karla
- Conclusion
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