Automated Performance Reviews
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Performance reviews are an essential part of the employee lifecycle. They assist the employee and the organisation in setting and monitoring goals and tracking career progression.
When conducted manually, the performance review process can be time-consuming and stressful, however, the use of HRIS or performance review platforms removes the hassle from this process.
What are performance reviews?
A performance review is a formal assessment in which a manager evaluates their direct report’s work performance, identifies areas of strength, weakness, and improvement, whilst offering feedback and setting goals for future performance.
To create and maintain a high performing culture, it is important for employers to review employee performance on a regular basis. Most employers conduct annual performance reviews, however, many are now conducting the reviews on a more frequent basis including quarterly, monthly and even weekly.
When done accurately, performance reviews can allow an employee to understand what they are doing well, what they can improve, what is expected out of them and how their work contributes to overall company goals. As a result, increasing work performance.
In small teams, conducting performance reviews manually can be helpful, however, in larger teams, where managers have many direct reports, this process can be admin heavy and exhausting. Therefore, the use of HRIS such as Employment Hero and Bamboo HR can make this process more seamless.
What are the benefits of automated or online performance reviews?
Performance reviews not only improve productivity and profitability but also increase job satisfaction, employee morale and teamwork. Conducting performance reviews using automated tools has many advantages when compared to manual processes including:
Increased flexibility and time management (saves administration time)
Ability to develop performance review templates with custom rating scales
Improves employee engagement
Encourages a culture of feedback between management and employee
Better aligns company and individual goals
Instant access to performance insights
Streamlines goal setting and review procedure
Improves goal visibility and progression
Tracks progress over multiple review periods; and
Helps build a high-performance culture by providing employees the tools to record their achievements and accomplish personal goals.