In many organizations, performance reviews are still done only once a year. Growing number of managers and employees feel that the ‘once-a-year’ performance appraisals are not giving the results expected. More and more organizations are converting their one-time performance appraisals to ‘all year round’ performance reviews. When performance management is done correctly and throughout the year, employees show high levels of engagement and increased output. Here is a list of benefits for doing performance reviews all year round.

1. Benefits of doing
Performance Review
all year round
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2. 01Regular reviews of your employee’s performance allow
you to identify and address any deviation from his course
early and deal with it before it gets out of control.
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EARLY IDENTIFICATION OF PROBLEMS

3. 02Try scheduling one review meeting every month. It will
give you a better idea of your employee’s progress.
Also, you can also document these meetings and use
them as a reference for the final review.
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TRACKING OF EMPLOYEES' PROGRESS

4. 03Many managers often do not get the chance to engage
their employees. Frequent performance reviews give
you a formal platform to interact with them.
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INCREASES ENGAGEMENT

5. 04Timelyfeedbackandwarningscanbeeffectiveinkeepingthe
employeeontrack.Neithertheemployeenorthemanagershould
beinforasurpriseatthereviewmeetingattheendoftheyear.
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ADDRESSES ISSUES IN SMALL DOSES

6. AccordingtoastudycitedinHarvardBusiness
Review,57percentofemployeesprefercorrective
feedbacktopraise,andafull72percentbelievetheir
performancewouldimproveiftheirmanagergave
themmorecorrectivefeedback.
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SURVEY SAYS

7. 05Well documented accounts of employee performance are more
useful than performance reports leading up to only a couple of
months before the review. This also takes the discussion off the
past performance and into planning ahead.
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MORE PRODUCTIVE ANNUAL REVIEWS

8. 06Regular performance reviews gives the employees' an idea
about how he is performing. It is possible that he is
underperforming without realizing it.
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KEEP YOUR EMPLOYEES' IN THE LOOP

9. THE TRUTH IS, YES, THE
'ONCE-A-YEAR' APPROACH
TO PERFORMANCE
REVIEWS ISN'T FUN.
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Elias Rassi

10. THANKS
for your time!
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