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For many years, annual performance reviews have been the standard procedure for assessing worker performance. Managers assess an entire year’s work in a single meeting, leaving little room for continuous improvement.
However, today real-time feedback technologies are expeditiously replacing this conventional method. The inadequacies of the previous approach are shown by the fact that only 2 out of 10 employees strongly feel that their performance is handled in a way that inspires them to accomplish exceptional jobs.
The importance of continuous performance assessments is rising for modern businesses. This method of encouraging input takes care of issues as they come up. Continue reading to see why the future belongs to real-time performance assessments.
What Is a Performance Review?
A performance review is a process where a manager and employee discuss the employee’s work and achievements over a set period, typically once a year. These evaluations, which offer a formal means of evaluating performance and offering criticism, have become an integral element of business operations.
Managers typically use these annual evaluations to determine whether employees should be promoted, adjust pay, and identify areas for improvement. It may surprise you to hear that most managers spend roughly 210 hours a
