How to conduct Annual Employee Performance Reviews
Annual performance appraisals are the standard method most companies use to evaluate employee performance. But because employees often perform their work, and engage in online learning on their own, this might not be the best method for giving employees the feedback and development they need to progress and succeed.
As technology continues to make it easier for employees to work in remote locations, the need for manager engagement increases. This natural increase in engagement makes the annual review a bit obsolete as the manager now has access to data on a regular, and in some cases real-time, basis.
Consider the advances in Learning Management Systems over the recent years. With more and more training events being designed, developed, and delivered online, the data generated by employees taking online courses is easily aggregated and displayed in a dashboard style for employees/managers to track progress.
In this era of rapidly changing technologies, employee learning and development is more critical than ever. It is, in fact, part of the job. Taking a training course, and expanding your skills is no longer considered a job benefit, or perk. It is a critical part of every employee's work. As this becomes more and more apparent, many industry leaders have adopted the phrase "Learning is the work."
The bottom line is that the Annual Performance Review occurs too infrequently for it to be beneficial in a meaningful way. If you are a manager, consider more regular performance reviews throughout the year, and become savvy in the use of data dashboards provided by your company's tracking systems like the Learning Management system.
For more information about utilizing a Learning Management System to improve your performance review process, look at Litmos.com.