How To Ace Your Annual Performance Review

Many organizations have their annual performance review right around the corner. If you are going to think of the annual review as a ferocious beast or an unscalable mountain, then acing your review is going to be hard.

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How Can Setting Employee Goals Help Your Organization?

When we think of employee goals, we think of how much guidance and direction they offer to employees. But rarely do we think of how setting goals for employees can impact an organization. In fact, we sometimes forget that goal-setting even benefits organizations in the grand scheme of things.

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4 Goal-Setting Mistakes Managers Make

Goals are a great tool to map out a path for the immediate future. They can help employees decide what they would like to focus on and what they would like to achieve. But goals don’t help employees alone. For managers too, goals are a great tool to track an employee’s progress and even measure performance.

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Employee Engagement: What To Do When Your Engagement Initiative Fails?

Why do employee engagement initiatives fail in so many organizations? Some of these initiatives start out great and then fizzle out. Others might not even take off. Ouch.

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Performance Reviews With Social Recognition Improves Overall Adoption And Engagement

We at Engagedly have always been vocal about recognition being an important part of the workplace. Want to engage employees? Reward and recognize them! Want to motivate employees to work better? Recognize them! The right kind of recognition can work wonders.

We even have a feature in the Engagedly app that deals solely with recognition. It’s called ‘Praise’ and it helps peers and managers recognize employee publicly, with everyone else in the organization.

We wholeheartedly believe in power of power of recognition. That is why we are happy to announce that we’ve been featured in the article Social Employee Recognition Can Save The Performance Review by Software Advice.

“Companies are getting extremely tired of boring, unproductive performance reviews. A platform like Engagedly can make them great again,” said Brian Westfall of Software Advice, a company that researches and hosts reviews of human resources software. “The ability to praise others in real-time not only engages and rewards employees for participating, but it also provides valuable, up-to-date information for managers to do a more ongoing, comprehensive performance appraisal.”

If you’ve been a long-time reader of the blog, then you know that we have covered a wide-range of issues with respect to performance reviews such as how they are cumbersome and annoying, are being done away with in favour of newer practices, and how the process in general can do with a major facelift. We have also extensively covered employee recognition, but usually in relation to engagement.

The article however brings up an interesting proposition; social recognition to go along with performance reviews. Social recognition is uniquely positioned in that while it is more informal and prompt than annual reviews, it is also more comprehensive than 360 degree feedback!

“According to Gartner’s Predicts 2016 for HCM Applications (available for Gartner clients): “By 2018, 25 percent of large organizations will incorporate social employee recognition and rewards into their performance management processes.”

The article goes on to further elaborate upon social employee recognition. To paraphrase: Performance reviews suffer from a lack of information. When you only rely upon a manager’s memory, the review becomes a one-sided, one-dimensional affair. And this is not something you can blame a manager for. For reviews to work a 100% all managers would be required to possess phenomenal memories, which is a really improbably qualification.

Image of comparison between Performance Reviews and Social Employee Recognition

Picture Credit: Software Advice

“Early adopters of social employee recognition software report “measurable impacts on employee engagement, as well as correlations with improved business performance,” according to Gartner’s Predicts 2016 for HCM Applications.”

Social recognition can be a great addition to your organization. But as the article mentions, there are 3 things you need to keep in mind when it comes to implementing social recognition:

  • Flatten your organizational structure. According to Gartner’s research, social recognition thrives in companies where “command-and-control hierarchies give way to more network-style organizations.” Break down barriers between upper and lower levels of the company and implement channels to promote company-wide discussion and interaction.
  • Tailor your rewards system carefully. If all employees have to do to get rewards is blast generic kudos (“Great job!”), not only are you promoting the lowest effort possible, but managers also aren’t going to have useful feedback to learn from. Institute rules that only reward meaningful recognition, and consider consolidating all of your rewards programs (e.g., employee referrals) into one.
  • Know it’s an augmentation, not a stand-alone solution. Social recognition and continuous peer-to-peer praise can save your performance review process, but you still need a solid performance management system bedrock to build on. If you don’t have one, or find your current system lacking, head to our performance review software page to filter and compare functionality and read user reviews of different options.

 

Engagedly is a performance management software with elements of employee engagement. To see how the application works and how it can help your organization, request a demo today!

Why You Should Shift From Paper-based to Software Performance Reviews

Traditional paper-based performance reviews should have been tossed to the wayside a long time ago. Yet, despite the fact that they are out-dated and cumbersome, some organizations seem to cling on to them with a tenacity that can only be marveled at.

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6 Ways Performance Review Software Can Help You Revamp Performance Management

To quote a tried and test proverb, old is gold. But not when it comes to HR practices. HR practices need to reflect the world and times we live in, and our current work environment as well.

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4 Tips To Track And Measure Employee Performance

Productive employees are vital to every organization. Productivity depends on how well employees understand their goals & objectives and act on them. But how do you measure employee performance?

Most employers want to know the secret behind measuring employee performance effectively. Here are a few simple tips that can help you do it right.

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Goldman Sachs Revamps Performance Review Process

This seems to be year of doing away with performance reviews. In addition to Microsoft, GE and Adobe (among others), Goldman Sachs has also joined the band wagon and done away with the ratings aspect of the performance review. Continue reading “Goldman Sachs Revamps Performance Review Process”

How Can Employee Performance Appraisal Software Improve the Review Process?

If you’ve been keeping your ear to the ground with respect to HR Tech news, you’ll know that there’s a slow revolution taking place.

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How To Prep For Those Awkward Post Performance Review Conversations

Difficult conversations are hard. Especially the ones that come after performance reviews.

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What Happens After Annual Performance Reviews

There are plenty of articles out there that tell you how to prepare for a performance review, how to carry out a performance review or how to take part in a performance review. This article is going to tell you what to do after a performance review, which is just as important as the performance review process.

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What Should I Look For In My Performance Management Software?

Traditional performance review methods are deeply flawed. And if you recognize that, more power to you. However, before you blindly pick out performance management software on the basis of the fact that anything is better than traditional performance review methods, here are few things you need to think about.

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Best Performance Review Tips You Will Read This Year

Performance reviews may seem like a pain, but they are important for organizational growth. Here are some amazing performance review tips for managers who want to make sure that reviews run smoothly.

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Is There A Right Time For Performance Reviews?

Most organizations hold performance reviews annually. But with the growing disenchantment with annual performance reviews, quite a few organizations are exploring other avenues and the concept of more frequent performance reviews.

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What Kind Of Questions Should Your Performance Review Contain?

Performance reviews are vital for any individual who wants to develop their career. Employers find it crucial because it allows them to know where their employees stand in the big picture and helps them understand the areas where the employees need to work on.

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Mistakes To Avoid When Using Performance Review Software

There are much different performance review software out there in the market. Choosing performance review software takes quite a lot of effort as there are a few key points you need to consider before you decide upon a certain software.

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How To Implement A Performance Management Software In Your Organization?

In today’s workplace, performance evaluation and improvement have become vital. Every organization wants to be at it best and every manager wants their employees to be as effective as they can. But only few organizations carry out performance reviews effectively and taste success.

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Tips for Implementing Appraisal Management Software

For anyone who worked through the last three or four decades, the annual performance review, or performance appraisal review, was an event that inspired dread and anxiety. It was a call to the manager’s office where he reviewed your work performance based on your job description, often ranking you on a scale from 1 to 5 of how you met specific performance objectives.

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4 Ways Performance Review Software Can Help Improve Performance Reviews

Did you ever think that one day there would be software through which you could carry out a performance review?I’m not sure many people, me included, ever thought that one day there would exist software applications that can carry out performance reviews, ensure continuous feedback, foster employee engagement and communication etc.

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