SmartPulse — our weekly reader poll in Smartbrief on Workforce — tracks feedback from leading managers and HR practitioners. We run the poll question each Wednesday in our e-newsletter. Last week, we asked: How often do you perform formal employee-performance reviews?
- Annually at the same time for every employee, 57%
- Annually based on the date of hire, 21%
- We do formal reviews more frequently than annual, 13%
- We don’t do them at all, 6%
- We do formal reviews less frequently than annual, 4%
The majority of you report performing formal reviews annually in one fell swoop. That’s certainly easier if you are tying the reviews to budget season, and handing out raises according to the results. But is this really the best way to motivate workers to do their best? In my experience, more frequent reviews — with an eye on meeting both short and long term goals — lead to greater competence and engagement.