Companies are re-thinking the traditional yearly performance review, according to a survey of 300 HR managers by OfficeTeam, a leading staffing service for skilled office professionals. 51% of companies have refreshed their performance review processes in the last two years.
The most popular changes including making the performance review shorter (39%) and increasing how often they hold them (36%).
Currently, more than 75% of HR managers say that their company holds formal performance reviews “at least once a year.” But 38% have them twice yearly or even quarterly, an increase from 27% in 2015.
The performance review is not a process universally enjoyed by employees, so the word is still out if shorter – but more frequent – reviews will be helpful in providing more updated feedback, or turn into events comparable to having dental work done several times a year instead of in one long appointment.
No matter how often, make sure to go in with a list of goals of what you want out of your performance review in mind.
“Not everyone revels in performance reviews, but fine-tuning the process and frequency of these discussions can help managers and employees get the most out of them, said Stephanie Naznitsky, executive director of OfficeTeam. “Many companies have streamlined how feedback is given and encourage supervisors to check in with staff more often. This allows organizations to be nimble in addressing issues, evaluating progress and recognizing good work.”