Why Formal Performance Reviews Won’t Disappear

Why Formal Performance Reviews Won’t Disappear

Why Formal Performance Reviews Won’t DisappearWhy Formal Performance Reviews Won’t Disappear

The performance review process can be draining, but formal reviews help align both employees and their managers on realistic goals and priorities.

Mixed ReadingMixed Reading

About half of survey respondents are in favor of eliminating the formal system of annual performance reviews. The rest either support these reviews or remain undecided about the topic.

Valued FeedbackValued Feedback

54% were pleased with their last performance review, and 65% said their last review was an accurate appraisal of their contributions.

Neglected StateNeglected State

Just 55% say their manager provides to them informal feedback on job performance, signifying the continued relevance of the formal, annual review for those who don’t.

Performance Review Drivers: Output AssessmentPerformance Review Drivers: Output Assessment

78% say their performance reviews are intended to benchmark what they accomplished during the year.

Performance Review Drivers: Same PagePerformance Review Drivers: Same Page

77% say reviews are needed to ensure that both employees and their managers are aligned on realistic goals and priorities.

Performance Review Drivers: Objective DiscussionPerformance Review Drivers: Objective Discussion

70% say reviews are useful in setting goals for the following year.

Performance Review Drivers: Improvement PlanPerformance Review Drivers: Improvement Plan

62% say they find reviews helpful in establishing a set of actionable career development activities, while 49% say these reviews document performance as it relates to a future promotion.

Money TalksMoney Talks

Only 43% of survey respondents express confidence that salaries and/or bonuses can be fairly determined without a formal, annual review.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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