How to Conduct Annual Reviews

Develop the Process

Set Benchmarks Early

Agreement With Set Benchmarks

Hold an Effective Meeting

Categories for Annual Review I

Company Mission and Values

Customer Service and Quality Control

Problem – Solving/Judgment

Production

Categories for Annual Review II

Work Style

Resource Management

Communications Skills

Teamwork

Common Mistakes Managers Make When Conducting Employee Reviews (I)

Contrast Effect

Similar-to-me Effect

Halo (or Horn) Effect

Central Tendency

Common Mistakes Managers Make When Conducting Employee Reviews (II)

Leniency/Desire to Please

First Impression Bias

Rater Bias

Recency Effect

Successful Tips for Concept of Pay for Performance

No Surprises

Focus on the Basics

Show Clear Disparity

One for All and All for One

How to Tie Employee Compensation to Firm-Wide Returns

Set Quarterly Revenue Target

Set Employee Goal

Conduct Quarterly Reviews

Pay Out Quarterly

How to Communicate Employee Expectations Effectively

Have Regular Conversations

State What’s Working

Be Honest

Provide Mentoring

Meaningful Questions to Gauge Employee Happiness (I)

Ask Questions Frequently

How Transparent is Management?

Rate Quality of Facility?

Contributing Factors to Work Easier?

Meaningful Questions to Gauge Employee Happiness (II)

What Makes You Productive?

Recognition?

Opportunities to Grow and Advance?

Confidence in Leadership?