The Reason for Performance Reviews

Name: The Reason for Performance Reviews
Author: Anthony Funaro

Learn how performance reviews can benefit you and your entire organization.

Preview the first lesson free — get full access to all 4 lessons.

Course: On-Demand

(upbeat music) What is the reason for performance reviews? Performance reviews can ensure that organizational objectives and goals are achieved. In the following lessons, you'll learn the importance of performance management and performance evaluation. We'll also explore how managers can effectively review employees and encourage accountability and improvement. Performance management is an important part of being a manager. It ensures that the activities and outputs of an organization are performed efficiently and effectively. The principles associated with performance management are not limited to employees in the workplace. Performance management can produce beneficial results in any kind of environment where people interact to produce a product or service, including sports teams, community organizations, and government agencies. Performance management is an ongoing communication process between organizational leaders and those performing a specific task. It seeks to create a balanced environment by aligning the objectives and goals of the organization with actionable steps. The process provides management with the necessary information to sustain improvements, ensure goals are met, take corrective action when necessary and provide feedback to stakeholders. Stakeholders are senior leaders, employees, government agencies, and vendors. They also include shareholders who own part of the company. The information obtained from reviewing employees can reflect whether the company is on track for success, or if improvements are needed such as additional resources or training. Management can also use performance reviews to determine the sustainability of the company, as well as its competitive advantage. A commitment between management and labor is needed to successfully practice performance management. A mission statement is a great starting point. Mission statements define the organization's objectives in terms of purpose, customers, products, and standards. This information gives management the tools to be able to measure and provide corrective action, resources or additional training to employees. Once the performance management process is established, managers can conduct an evaluation of the employees' work. During this evaluation, managers can the success of each task that employees perform. Managers can then gather new data and compare this with past performance reviews, to see how an employee has improved. To have a fair evaluation process, leaders can establish a set of standards to review all employees. Performance standards may have different measurements of success depending on the task, company and industry. By having a guideline for employee performance, organizations can make their expectations clear and encourage a non-discriminatory environment. Evaluations can be used to decide promotions, increases in wages and bonuses. They may be conducted annually, bi-annually or quarterly. It is recommended that managers have an ongoing discussion with employees about their performance even outside of formal reviews. This ensures that any issues are addressed before they can turn into major problems or additional costs. Performance evaluations give managers the opportunity to support employees so they can produce and achieve the goals of the company to the best of their abilities.

Intermediate Provider : Anthony Funaro 4 Lessons · 14m in Arabic, German, English, Spanish, French, Portuguese, Chinese

Course Description

In this course, you’ll explore the importance of performance management reviews and how to evaluate an employee’s performance. You’ll learn the manager’s role in the review process, and how to encourage employee development through evaluations. This course will also discuss how to hold employees accountable, and how performance reviews can benefit the entire organization.

What You'll Learn

Understand the principles of the performance review process
Define management's role in the performance review process
Evaluate an employee's performance through reviews
Encourage employee accountability and development through evaluations
Recognize how performance reviews benefit the entire organization

Key Takeaways

Performance management reviews are important for evaluating an employee's performance.
Managers play a defined role in the performance review process.
Performance evaluations can be used to encourage employee development.
Performance reviews help hold employees accountable.
Performance reviews can benefit the entire organization.

Frequently Asked Questions

What will I learn in this course?

You'll explore the importance of performance management reviews and how to evaluate an employee's performance, learn the manager's role in the review process, and understand how to encourage employee development, hold employees accountable, and how performance reviews benefit the entire organization.

What topics does this course cover?

The course covers performance management and performance evaluation, performance reviews and the manager's role, and reviews, accountability, and development, followed by a Test Your Knowledge lesson.

Who is the manager's role addressed in this course?

The course defines management's role in the performance review process and explains how managers can encourage employee development through evaluations.

What skills does this course help develop?

It helps build skills in business performance management, employee performance management, job evaluation, performance appraisal, performance management, and performance review.

Professional Certifications and Continuing Education Units (CEUs)

Society for Human Resource Management (SHRM®)

Professional Development Credits (PDCs): 0.25

Certification Program Categories:

Leadership & NavigationBusiness AcumenConsultationGlobal MindsetEthical PracticeRelationship ManagementAnalytical AptitudeCommunicationDiversity, Equity & Inclusion

KnowledgeCity is approved by SHRM as a Recertification General Provider to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). By taking the courses approved by SHRM, KnowledgeCity can award SHRM Professional Development Credits (PDCs) for HR knowledge and competency programs related to the SHRM Body of Applied Skills and Knowledge™ (the SHRM BASK™).