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CrossLead.Training Forums CrossLead Member Forum Are Performance Reviews a Waste of Time?

  • Are Performance Reviews a Waste of Time?

    Posted by Nathan on January 12, 2022 at 1:25 pm

    As we look to a new year we’ve had some time to reflect and after-action the EOY Performance Review System(s). The question I keep coming back to is… “is the juice worth the squeeze?” There is clearly some value with having a review process, but is it worth the time and energy? So often they can become a heavy burden and distraction away from your organization’s mission. I wanted to post the questions/themes that we frequently consider when designing performance management systems. Which parts do you like? Which parts do you leave out?

    What is the main purpose of a performance review system; and do they achieve the purpose? Its intended purpose may include:

    • Reduce recency bias for EOY compensation decisions
    • Baseline on standards of performance and highlight high-potential employees
    • Career/Professional development
    • Culling of the workforce through force rankings

    What components a performance review system might include:

    • Manager Evaluation (feedback & ratings)
    • Self-Evaluation (review of year, goals, etc.)
    • Peer-Feedback
    • Calibration Meeting

    Common points of contention with performance review systems:

    • 360 Feedback – should it be attributable or anonymous? Does the answer reflect the culture?
    • Ratings – useful or not? Best way to think about rating scales?
    • Takes a lot of time – what parts of it are mission-critical? What parts are a waste of time?
    Nathan replied 1 year ago 1 Member · 0 Replies
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