200 hours a year. That's how much time Gartner research found managers spent on annual review documentation. And considering 95% of employees are dissatisfied with the annual review process and 90% don't believe they provide accurate information, it hardly seems worth the effort and time spent. Of course, it begs the questions that if annual reviews are an inefficient use of time and ineffective feedback, how do you provide meaningful feedback to employees?
Cornerstone, a leader in human capital management, has produced a report highlighting five reasons we should stop giving performance reviews.
The report will cover off how regular check-ins with employees can:
- Motivate managers and employees;
- Create better managers (not better reviewers);
- Improve team performance and productivity;
- Contribute to organisational knowledge; and
- Drive greater profitability.
This is an advertiser-paid promotion.