Does Your Company Use Performance Appraisals ?

Are They an Effective Tool for Performance Improvement?

Performance appraisals are often a tool that is not used, misused or dreaded at the very least.  But they can be a useful tool and positive, results focused performance improvement tool.

With a sluggish economy, the high cost of turnover and the need to do more with less performance improvement is a great strategy for businesses.  Turnover can cost 150% -250% of a person’s salary to replace, retrain and fill in for lost employees.  Turnover can of course be employee instigated and can also be the result of poor employee performance.  There are many other reasons for employee turnover that business leaders can avoid.  Poor leadership, resulting in a poor work environment is one of the biggest.  Leaders fail to see the result of poor management or leadership and not understand the impact on the company’s bottom line.  Another cause for turnover can be the work culture.

When demands are high and rewards and benefits are low, employee morale suffers and work performance goes down.  The high cost of turnover demands that the causes be investigated and resolved in positive ways to reduce turnover and increase performance.  The company result can be significant savings and increased productivity.

Investing in employees can be significantly less than the cost of turnover.  One powerful strategy is to use the performance appraisal as a tool for improving performance, communication and the work culture all at once.  You might wonder… how could that be?  But,

What if…

What if the performance appraisal could be shifted into a performance improvement tool that created a positive work outcome for employees and companies?  Would you be curious?

We have just that solution.

A Performance Improvement System that:

•    creates goals based on the company vision and strategies in conjunction with the manager or leader
•    a plan that is created by the employee
•    a plan that includes behavior guidelines for improved performance
•    a plan that includes the top ten goals for focus for the upcoming year
•    training for managers and leaders in coaching skills to use in working with employees, improving communication, accountability and the work culture
•    monthly coaching meetings with employees to focus on their goals, the roadblocks and the successes
•    increased accountability
•    an online “cloud” software tracking system that puts all employee plans into one dashboard for the leader and provides employees with a system to track and report progress outside of their meeting
•    monthly audio lessons for improved performance and focus
•    a shift in the organizational culture to one of a performance culture

What would your company look like if your performance appraisals were doing all of that?

• Would your bottom line results change?
• Would the work environment be transformed?
• Would staff be empowered to perform and get results?

With our Performance Improvement solution we work with business leaders to do all of that.

Here’s what we do:

1. •    We meet with the company leaders to kick off the program, review the company mission and vision, goals and strategies
2. •    We provide each manager a Performance Expectation Worksheet to complete for each employee, outlining the expectations of the manager for the year
3. •    We provide a planning workshop for employees to create their one page performance improvement plan, yes, that’s right, WE do the workshop to create the plan
4. •    We provide training in using our online software for goal tracking to employees and managers
5. •    We provide a full day training to managers and leaders on coaching skill development to:

o    shift the work environment to one of coaching instead of top down management
o    create a performance based culture that is collaborative, positive and focused
o    increase communication skills
o    improve accountability and follow through on top goals

•    Managers meet with their direct reports following the workshop to review the plans that the employees have created
•    Managers meet monthly with their direct reports to continue implementation and coaching of the plan

During each coaching meeting managers and employees:

1. review the goals and score the performance on each goal
2. develop goals for the upcoming month
3. review any road blocks or challenges and strategize how to overcome them
4. set the date for the next coaching meeting

  Imagine, everyone’s performance improvement plan completed all at the same time, in a one day workshop.
  Imagine, decreased procrastination, dread, stress in completing the performance appraisal.
  Imagine, staff excited, enthused and positive about their plans and the upcoming year.
  Imagine, a staff that is all focused on working to fulfill the company mission and vision.

Using the Best Year Yet Performance Improvement and Appraisal technology, we are able to provide your organization with an incredible planning experience and year.

We continue to provide your leadership team with monthly or quarterly coaching to ensure that the plans are implemented and coaching is provided to staff.

We offer additional resources for managers and leaders in skill development, executive coaching and team development.

Learn more about the Performance Improvement System:

Click Here to Download Performance Improvement and Appraisal Executive Briefing

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