Leading a team can be a challenge for even the most experienced of businesspeople, and creating a supportive internal culture is one of the key focuses for many.
What is often overlooked is the importance of performance reviews, both on the individual staff members who have them and the internal culture of your organisation as a whole.
With studies showing that half of SME employees quit because they were let down by their firm’s onboarding process, it’s important that you make an effort to ensure that new staff receive the support they need when they first join your organisation. Informing new staff that they will have a performance review at set times throughout the year will make them feel valued and give them something to work towards throughout their time with your company.
Staff who don’t perform well in their role, either because they were a bad choice for you to hire or because they’ve become disinterested, can have a significant cost to your business, both in terms of money and staff morale. After all, other staff will probably be having to spend their time helping them, and this will take away from their ability to perform their own roles. By apprising staff through the year you can easily notice the team members who aren’t undertaking their role to the best of their ability and work out a way to support them that will ensure that your company only contains the best staff members who are working hard and acting as an asset to your organisation.
Sometimes even the most skilful and dedicated of staff members can become disinterested and distracted by personal issues, so performance reviews can be a great way to bring their focus back to their role. You can encourage them to prepare for the appraisal to give them the chance to review their own work and understand their role in the company better.
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