Modern Performance Review

Increase engagement, develop your people and retain your A-Players

Performance reviews serve more of a purpose than simply telling an employee what they did right, and what they need to improve on

It is critical that as employers you shift your mindset, cast aside that once-a-year time slot for reviews, stop focusing so much on salary, and really make sure that your employees are motivated and growing professionally.

What is the goal of a modern performance review?

A modern performance review is your best method for quality assurance when it comes to your employees. You’ll be able to ensure that your employees are performing exactly as you expect, and if there are any issues you can address them quickly before they escalate.

A well-structured, modern performance review should focus on:

Higher Retention: you want your best team members to be excited about staying with you company.
Increased Productivity and Team Growth: this is always a positive thing, and what business owner doesn’t want this?
Cultural Alignment and Employee Happiness: businesses run smoothly and employees are happy when fitting with the company culture and understand how things need to be done.

A modern performance review is your best method for quality assurance when it comes to your employees.

You’ll be able to ensure that your employees are performing exactly as you expect, and if there are any issues you can address them quickly before they escalate.

Performance reviews are also supposed to help you, the employer, ensure that you have the right people in the right seats at your company and gain traction quickly.

The key to success when conducting modern performance reviews:

We believe that modern performance reviews should feel less like a formal report card, and more like a forward-thinking approach.
In addition to that, keep the following ‘keys to success’ in mind when you implement a modern approach to your performance reviews:

Talent Acquisition

Establish expectations for the employee, including what’s in your job description, how employees are selected for a role, and even the employee handbook.

Tracking Progress

An HRIS will document how the employee is meeting expectations. Tracking progress identifies areas where the employee needs improvement and provides feedback accordingly.

Provide feedback

Feedback is a crucial part of modern performance reviews. Providing employees with both positive and constructive feedback helps them improve their skills and productivity.

Creating Goals

Create measurable, attainable goals before your meeting with your employee, and discuss the goals thoroughly. Listen to their input, if any, and figure out if they agree that the goals are fair.

Employee growth and productivity create sustainability

Modern performance reviews can enhance your level of familiarity with your team, which makes it easier to level-up and build the best workplace environment. This is good in general for morale and individual productivity, and also makes it easier to promote from within…which in turn can save both time and money instead of recruiting externally down the road.

Regular, valuable feedback, makes employees recognize your dedication to them and feel supported

Quarterly reviews are beneficial when it comes to setting goals,too, by enabling shorter-term, practical goals alongside larger ones. Tracking and measuring progress is much more motivating and easy-to-understand when it’s done in a modern way.

The continuous feedback keeps employees more engaged, and excited about their development.

Employee happiness is cultural alignment and employee behaviour

When employers take the time to give individualized feedback, it shows that they care about their employees and want them to succeed. The less robotic (and more conversational and comfortable) you can make your reviews, the better!

Another important element of employee happiness is cultural alignment and employee behaviour. This is something that can be better monitored, and improved upon, with modern performance reviews.

It’s no secret that at Castle HR we see performance reviews differently

Our outsourced HR professionals work closely with our clients to help them change their performance review system top-down. Our approach is a unique one, and we will work with you step by step to implement it into your organization.