Considering that managers spend on average about 4 hours on a performance appraisal for a single employee and assuming an average team size of 7 team members, that’s a lot of work. Especially if you remember how little you actually got out of your performance evaluation. Often feedback is highly generic and doesn’t provide actionable steps employees can transform into learning and development. Even if, it comes way too late because no one can act on it right at the moment. Honestly, who actually remembers what happened a couple of months ago? You basically barely remember what you did yourself 6 months ago.
Even worse is that the annual performance review was designed 30 years ago with the wrong intention. Evaluating performance isn’t what enhances today’s work environment. No one likes being monitored and assessed. Thus, feedback which is actually an inherently positive thing got a really bad connotation.
Instead, with Millennials being a major part of today’s workforce employees demand feedback right at the very moment. We all know feedback has most value when it’s fresh in your mind so you can express it in all relevant context. The receiver will have many more chances to think back about the situation and follow-up in a timely manner. This way you can kick off the coaching conversation right away and nothing is left unsaid.
To solve this problem solution is CompensationPro.(PayRoll and Evaluation For Employee System)