An annual performance review involves a formal discussion about an employee’s development and performance. The review is a planning process. It involves setting a plan of action for the next period and reviewing what has been achieved in the last period.
The factors discussed can include work conduct, key performance indicators, work plans, roles and responsibilities, position descriptions, training/learning, and financial and non-financial compensation.
Many organisations conduct performance reviews. Most do it at least annually, although quarterly and six monthly reviews are also common. Many will have a mini-review in between the formal annual review.
Often it is a two-way process, between a reviewer and reviewee. Most reviews would be reviewed by at least one level of higher management. Some systems use multiple ‘raters’, particularly 360 degree systems where managers, subordinates, colleagues and co-workers provide input to the review process.
Most organisations use paper based systems, although some use computer based systems.buy essay online