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Performance appraisals can be highly useful in the talent management process and can help ensure that employers are doing their best to retain high-performing employees.
No law requires companies to conduct job reviews, but businesses that do may have a better understanding of their employees. The information gained from performance reviews can be used to determine raises, succession plans and employee-development strategies.
Under federal law, it's illegal to discriminate against a worker on the basis of age (over 40), disability, race, nationality, gender, religion or pregnancy status. Many states add additional categories to this list, too.
Quality of Work.Goals and Target Achievement.Level of Productivity.Initiative and Motivation.Teamwork and Leadership Skills.Ability to Problem Solve.Written and Verbal Communication Skills.Performance Self-Appraisal.
Performance evaluations are not mandatory, according to the U.S. Department of Labor. They are a matter between you and your employees or your employees' representative. Performance evaluations help you to determine merit increases and come up with employee development strategies.
The Fair Labor Standards Act (FLSA) does not require performance evaluations. Performance evaluations are generally a matter of agreement between an employer and employee (or the employee's representative).
Effective performance management systems typically include the following three broad elements: goal setting, performance review and a performance improvement process.
10 Easy Ways to Evaluate an Employee's PerformanceLevel of execution.Quality of work.Level of creativity.Amount of consistent improvement.Customer and peer feedback.Sales revenue generated.Responsiveness to feedback.Ability to take ownership.More items...
Here's a step-by-step guide to effectively evaluating employees:Set Performance Standards.Set Specific Goals.Take Notes Throughout the Year.Be Prepared.Be Honest and Specific with Criticism.Don't Compare Employees.Evaluate the Performance, Not the Personality.Have a Conversation.More items...