The Annual Performance Appraisal Ritual

Do Performance Evaluations Matter? In most organizations, performance evaluations are an annual ritual that managers and their direct reports go through uncomfortably and then take a sigh of relief once they are complete. Most managers and employees equally dread the process of annual performance appraisal. The reason isn’t because they don’t see the need for performance assessment and evaluation, but because hardly anything good comes out of it. Now, don’t get me wrong, several organizations take it seriously and make it a worthwhile exercise but it is not true across the board. So, what can you do to make it a beneficial exercise not just for the employees but also for the organization? Performance Appraisals should not be an annual ritual Make performance appraisals more of an informal check in throughout the year. For example, you can have short monthly / quarterly appraisals that not only assess previous month or…