By Max Clarke
Three quarters of UK businesses do not have an ‘official’ process in place for performance reviews with their staff.
These are the headline findings of a study into more than 1,100 employees of businesses of fewer than 20 staff, carried out by rapidly growing online HR consultancy, Reabur.com.
According to the study, three quarters, 73%, of the respondents didn’t When these respondents were asked why this was the case, more than half, 53%, said it was due to ‘lack of time’.
In contrast, only a quarter, 27%, of the employers asked said that they had an ‘official’ process in place for performance reviews. Similarly 19% claimed that all of their staff members had ‘clear and reachable’ goals for progression in place.
“I cannot stress enough the importance of regular and formal performance reviews,” said Reabur’s co- MD, Georgina Read. “They may seem like a mundane task and some managers may not look forward to conducting them, but they are a great opportunity for mangers to fully understand their team’s strengths and weaknesses and set performance targets, carefully aligned to the Company wide Strategy. ‘’
“Once a couple of reviews have taken place they will start to become quicker and easier. Although informal one-to-ones are great and build relationships of trust amongst the team, they do not provide the employee and manager with a well thought out, structured meeting in which future career objectives and opportunities can be fully explored. It is always beneficial for the employer to have a paper trail, documenting valuable discussions, where performance targets can be regularly revisited to ensure key objectives remain on track and any challenges overcome,” continued Read.
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