The Advantages of Performance Reviews
Being productive and leading an organization efficiently can be both an art and a science. There are many skills a manager or someone aspiring to become a successful manager must learn in order to help achieve goals in an organization. One tool often-overlooked by managers is a performance review of employees.
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Positive and Negative Reinforcement
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A performance review is essentially a form of the good old carrot and a stick. It allows employers to reward those performing well and punish those that aren't doing so great. It also allows management to address individual performance on a task-to-task basis. For example, an employee's performance review will evaluate various abilities and accomplishments with results consisting of both positive and negative feedback, depending on the tasks being evaluated.
Competition
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The ability to receive feedback also allows employees to compete for feedback. Performance reviews are essentially report cards or score cards, and even if they may not be publicized among the employees, the knowledge of them will give staff members the incentive to try to outperform each other.
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Feedback to Management
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Performance reviews may often seem like a one-way street, but they really should not be, and an effective manager will make the best use of them. A performance review is a good time to learn from the employee what works and what doesn't and what needs improvements. When conducting reviews, be sure to allow employees to feel free to speak their mind about different situations at the work place.
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References
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