Performance Reviews
Definition
Formal evaluations of an employee’s job performance, typically done annually or semi-annually.
What is a Performance Review?
Performance reviews evaluate how effectively an employee met expectations, achieved goals, and contributed value to the organization. These evaluations often inform promotions, development plans, and compensation adjustments.
Why are Performance Reviews Important for Employers?
- Supports professional growth and recognition
- Provides documentation for employment decisions such as termination or promotions
- Encourages open communication and employee engagement
FAQs
How often should performance reviews be conducted?
The frequency should align with your company culture and goals. While annual reviews are common, many organizations conduct quarterly or biannual reviews paired with real-time feedback.
What should a performance review include?
Assessment of goals, skills, behavior, collaboration, strengths, and areas for growth with input from both manager and employee.
Can reviews influence pay or promotion decisions?
Yes. Well-documented reviews help guide pay increases, bonuses, promotions, and even succession planning.
How ExtensisHR Can Help
We assist with the performance management process through:
- Offering affordable access to user-friendly performance review platforms
- Customizing review templates to reflect your culture and goals
- Guiding managers on delivering fair, constructive feedback
- Supporting integration of reviews with pay increases and advancement opportunities