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Glossary of Human Resources Management and Employee Benefit Terms
The components are:
A performance review, also known as a performance appraisal or evaluation, is a systematic process in which managers assess an employee's work performance, provide feedback on strengths and areas for improvement, and set goals for future development.
Performance reviews serve as a cornerstone of performance management systems in organizations. They allow managers and employees to align expectations, improve communication, foster professional development, and ultimately enhance organizational effectiveness.
The purpose of employee performance reviews are:
The components are:
The process includes:
The challenges and best practices are:
The legal and ethical considerations are:
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
The tools and technologies to use are:
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