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How do you handle rewards and recognition within your workforce? Has your company kept pace with current trends in HR and the widely recognized need for employee engagement programs? Most importantly, are you aware that 51% of employees are not happy at work and that, according to Gallup, fully 87% of employees worldwide are not engaged? It has been proven that engagement is crucial for business growth. Business2Community recently reported that organizations with highly engaged employees outperform those with low employee engagement by 202%. And the Harvard Business Review reported that recognition for high performers was the top driver of employee engagement. With all that in mind, we humbly present the top 5 reasons your business needs a rewards and recognition program.
- Recognition is the top driver of engagement Harvard Business Review reports that “the most impactful driver of employee engagement is recognition.” In today’s world, recognizing employees is very different from the recognitions of the old days; no longer are we restricted to giving out watches, pins and coffee mugs on yearly work anniversaries. While these types of gifts are still in the picture, today’s workforce is better engaged in the moment than in the future.
- Employee recognition is meaningful from peers As workplaces flatten and allow for lateral partnerships, the opportunity for peers to nominate others for awards or give recognitions directly has increased. HR Today notes that 42% of companies have peer recognitions in place, the third most common award. Peer recognition can especially boost engagement in companies with a remote workforce.
- Recognitions can reward effort, not just success Leigh Buchanan, writer for Inc.com, shares the funny story about how SurePayroll offers a periodic award for “Best New Mistake.” Seem odd? It’s actually a way to reward innovative thinking, even if the result was less than desirable. Can you think outside of the box and offer less-than-traditional awards and recognitions? It might just give your business the edge it needs to improve company culture and employee engagement.
- Recognitions engage employees outside the workplace Employee engagement efforts shouldn’t end when employees walk out the door. Go beyond the standard rewards program and start recognizing employees for wellness achievements, such as losing weight, stopping smoking, lowering cholesterol and more. By giving employee rewards for positive behaviors, you not only support your employees’ improved lifestyle but also help to create a workplace that is healthier overall.
- Happy employees = happy customers Forbes shared, “Creating a happier work environment starts with a company that is willing to listen to what employees want and value.” We couldn’t agree more. Success starts with your employees, and the positivity ripples to your customers. Forbes also shared that most publicly traded companies named as ‘Best Companies to Work For’ saw their stocks significantly uptake in performance. It’s a win-win. Focus on employee happiness – the happier the employee, the more motivation they will have to put forth their best effort and make your customers happy.
Curious as to what the state of employee disengagement looks like? Check out our Greatness Report and see. The report analyzes the gap between how often awards are actually given versus how often employees would like to be recognized. In particular, the gap between actual and preferred widens at the monthly, weekly and daily level. Think frequent recognitions seem unsustainable? Take a look at how some of the most innovative and successful companies in the world, such as Ericsson, are using rewards and recognition to successfully engage their workplace and you’ll feel even more motivated to kick off an impactful rewards and recognition program of your own.
To learn more, download The Greatness Gap: The State of Employee Disengagement.
Last night in Toronto, Achievers announced the winners of the Elite 8 at the Achievers 50 Most Engaged Workplaces™ Awards Gala. In a setting that was a perfect mix of glitz and industrial chic, the award recipients and representatives from almost every one of the 50 companies included on this year’s list enjoyed dinner, drinks and good times at the Steam Whistle Brewery in the heart of downtown Toronto. The event also provided attendees ample opportunity to network with peers from some of the most easily recognizable and highly successful companies in the world, and for entertainment, the world famous Second City comedy troupe.
The Elite 8 were recognized for receiving the highest scores for each of the Eight Elements of Employee Engagement—the criteria Achievers used to determine the Most Engaged Workplaces winners.
The 2016 Elite 8 winners are:
- CIBC Mellon for Communication
- Cox Automotive for Rewards & Recognition
- Ericsson for Corporate Social Responsibility
- ListenTrust for Professional & Personal Growth
- Protiviti for Culture
- Smart & Final Stores, LLC for Leadership
- Ultimate Software for Accountability & Performance
- Veterans United Home Loans for Vision & Values
The Achievers 50 Most Engaged Workplaces Awards are designed to recognize and celebrate top employers in North America that display leadership and innovation in engaging their workplaces, as evaluated by judging panel of employee engagement academics, thought leaders and influencers. Among the 50 companies selected as winners, the judging panel selected eight companies that represent the best of the best, with regards to the Eight Elements of Employee Engagement.
The event marked the kickoff of Achievers Customer Experience 2016 (ACE 2016), Achievers’ annual customer conference. The full conference program officially began this morning (09/13) and runs through Wednesday (09/14).
Follow all the action from ACE 2016 at: #AACE16. And if you couldn’t make it this year, be sure to register early for next year’s event!
Did you know companies in the top quartile of employee engagement see significantly better business results than bottom quartile organizations? According to Gallup, engagement leaders see 21% higher productivity, 22% higher profitability and 41% higher quality of work. This is also supported by Aon Hewitt, which found that a 5% increase in employee engagement is linked to a 3% increase in revenue growth in the subsequent year.
One company that is doing what it takes to stay in the top quartile of employee engagement is the world-leading communications technology and services company, Ericsson. In order to maximize their business potential, the team at Ericsson understood the need to focus on employee engagement as a driver of business success. But finding a way to engage and unify such a large and diverse set of employees was no easy feat for Ericsson, considering the company employs over 15,000 people across 30+ regional offices in North America alone.
Ericsson had tried a number of recognition initiatives previously but was looking for an enterprise-class technology solution that was truly scalable and would serve to unite its employees around their culture of innovation The company’s leaders also wanted to find a platform with robust analytics and that would help them regularly track spend, leverage recognition data for business insights, and streamline the recognition process. After researching different employee rewards and recognition providers, Ericsson chose the Achievers Employee Success Platform as the best solution to engage its employees while aligning them with business goals.
Ericsson rolled out the Achievers platform — internally branded as “E-Star” — to its 15,000+ employees across 30+ locations in North America in 2014. With a 98% employee – manager activation rate, the E-Star program soon became the most widely-utilized “voluntary” enterprise platform the organization had ever implemented. Even better, a whopping 65% of the recognitions awarded were social, or non-monetary, helping Ericsson to stay on target with budget. With widespread adoption and usage, the company was soon seeing the payoff in the form of improved engagement scores across the board. Among the successes they saw:
- A 3% increase in overall engagement scores, up from an already world-class score of 81%;
- North America employee engagement scores that were 5% higher than Ericsson’s global scores and 14% higher than the industry average, and;
- Employee engagement survey results pertaining to recognition given by managers rose 4%.
With increasing positive employee engagement survey scores and new business insights derived from Achievers analytics, Ericsson is rightfully confident about the strength and ongoing success of their employee engagement strategy.
To learn more about Ericsson’s success story, download the Ericsson Case Study.
By: Jeff Waldman
Head of Talent, Security Compass
It is no secret that there is a positive correlation between highly engaged workforces and strong employee productivity and business performance. Depending on who you talk to the numbers may vary, but all the data points to the fact that engagement drives performance. With all of this recent attention on employee engagement and its impact, it’s not surprising that boosting engagement is becoming a number one priority of C-level executives around the globe, a claim supported by Deloitte’s 2015 Global Human Capital Trends survey.
Before we dig deeper, it is important that we understand exactly what employee engagement is. At its core, employee engagement measures the emotional commitment an employee has to his or her organization and its goals and objectives. The outcome of high engagement is employees putting discretionary effort into their work. They go the extra mile, push themselves a little bit harder to achieve their goals, and do just about anything that betters the organization. The collective impact of these bursts of discretionary effort leads to a noticeable increase in productivity, performance and business outcomes.
So how do you achieve a highly engaged workforce? There is no one-size-fits-all solution, because every organization is different. But, the trick to figuring out the path to success is tapping into the heart of what your employees value the most. Generally speaking, the factors that tend to have the greatest impact on employees’ engagement levels include: senior leadership, direct manager, corporate communication, recognition and rewards, relationship with co-workers, empowerment, and career path. The impact of each of these factors can be measured collectively as overall “engagement,” as they connect with and influence one another in varying degrees.
What if we further dive into the interconnected elements that impact employee engagement? First let me ask you a question. Let’s take a look at a fictitious company called “Company G” that is made up of 80 employees. If all 80 employees looked the same, behaved the same, possessed the same skills and experience, have the same personal interests, are all the same age, and are the same in every possible way, do you think Company G would have a high level of employee engagement? I guess you could say, “it depends”. But let’s take it one step further. What if Company G operated in a country like Canada, United States, England, or any other highly multicultural country? Or what if Company G operated in any other country where there are 5 demographic groups (Gen Z, Millennial, Gen X, Baby Boomer, Traditionalist) in their workforces? What if Company G served a market that was made up of customers who were between the ages of 18 and 100, possessed different levels of education, have a very broad range of personal income? The list goes on – the point is, engagement is dependent on a number of different factors and different factors impact engagement differently on an individual level, as well as a on a generational, geographic, industry-based, income or educational level.
The fact of the matter is, workplace diversity has a huge impact on employee engagement. Canadian top 5 bank, RBC, is well known for its principled stance on workplace diversity — “To win in your market, you need to hire your market.” Aside from the fact that diversity does drive employee engagement, it’s just smart business.
But when we talk about diversity, do we really know what it means? Among many other things, people typically attribute diversity to sex, religion, ethnicity, family status and age. What about things like difference in thought, personality, pathways to solving problems, life experiences and the list goes on. RBC defines it perfectly on their website. Inclusion comes into play when the work environment optimally enables each and every employee to perform at their best, regardless of their unique and individual difference.
So, if you put all of the above together, truly diverse and inclusive workplaces are in fact more successful organizations. If diversity and inclusion are based on the workplace enabling people to perform at their best, then what is employee engagement based on? You got it… the exact same thing. In fact, diverse and inclusive workplaces boosts employee engagement. You could even argue that the impact on employee engagement and diversity are exactly the same. This makes a lot of sense, and the research proves this.
The next time you are talking to your peers, your professional network, or your co-workers about the impact diversity and inclusion have on employee engagement, think about what I just shared. Employee engagement is a strategic business imperative, so it only makes sense to include diversity and inclusion in the conversation.
What should you do about it? For starters, you can attend my session at the upcoming 7th Annual Achievers Customer Experience (ACE) 2016 conference in Toronto (September 13-14). I’ll be leading a session titled, “Can You Hear Me Now? Good. Let’s Talk Diversity, Inclusion & Employee Engagement,” where I will be taking you on a journey through my own struggles growing up with a severe hearing disability and how my disability enabled me to work with and support many leading organizations to build truly diverse and inclusive workplaces. After that, you can return to your own workplace and think about how diversity and inclusion can factor into your own company’s engagement efforts.
About Jeff Waldman
Jeff Waldman is Head of Talent at Security Compass, Founder at SocialHRCamp and inaugural organizer at DisruptHR Toronto. Jeff has been leading the way in a growing niche that brings together human resources, employer branding, social media, marketing and business. With a diverse career spanning all facets of HR Jeff founded SocialHRCamp in 2012, a growing global interactive learning platform that helps the HR Community adopt social media and emerging HR/Recruitment technology in the workplace. In Jeff’s role as Head of Talent at Security Compass, he is responsible for all aspects of human resources and recruiting for a rapidly growing technology organization with operations in Canada, United States and India.
Jeff is an avid speaker, blogger and volunteer with diverse organizations such as SHRM Annual Conference & Exposition, HR Technology Conference, Illinois State SHRM,Louisiana State SHRM, HR Metrics Summit Canada and many more. Jeff also continues to advise emerging HR and Recruitment technology companies on their business strategies.
Originally from Vancouver, and currently living in North Toronto, Jeff has three awesome young boys who he spends his personal time with. He also coaches his kids’ sports teams and is an avid hockey player and snowboarder.
By: Karin Volo
Chief Joy Bringer, Evoloshen Academy
“I love my job!”
“I can’t wait for Monday again!”
“I’m doing what I was born to do!”
“I am living my life’s purpose!”
“I don’t consider this work—it feels like play!”
“Where did the day go? I got so much done!”
“This is the best company to work for!”
How often do you hear these types of statements? Or perhaps we should ask have you EVER heard anyone saying these things?
Within highly engaged organizations, statements like these are actually pretty common. Employees at these companies love their work and are deeply, emotionally connected to their co-workers, their company’s purpose, and their own passions. Their values are aligned so that they can easily live and breath the company values since they are a part of who they are authentically.
And what happens to the culture and the performance at companies like these? They tend to be highly productive, profitable, and making a positive difference in the world on some level.
There are many ways to understand and begin to tackle engagement. Achievers has created the 50 Most Engaged Workplaces Awards to recognize and showcase organizations that are truly making employee engagement work for them. They have defined eight parameters for engagement that include: Culture, Leadership, Accountability & Performance, Professional & Personal Growth, Communication, Vision & Values, Rewards & Recognition, and Corporate Social Responsibility. All of these areas are great places to start tracking and improving your level of engagement.
In doing the research for our book Engage! we found many examples of companies that are demonstrating a whole new way of doing business, innovative companies like Virgin, PUMA, Southwest Airlines, Zappos, Achievers, and many more. But most of all, we found that it is through company culture where you can work actively with principles of engagement to make a positive impact. To paraphrase Tony Hsieh, the founder of Zappos, culture is to employees what brand is to customers and the market. Or as management guru Peter Drucker famously put it, “Culture eats strategy for breakfast.” But the quote I love best is from Simon Sinek, TED speaker and author of the book Start With Why, who said: “Customers will never love a company until the employees love it first.” No matter how you say it, it is clear that companies with highly engaged employees and a culture of engagement are consistently among the most successful, innovative and inspiring organizations on the planet.
In Engage!, we defined the formula for creating highly sustainable engagement through the following five Cultural Keys:
- Collaboration – taking teamwork to the next level and having a sense of belonging and family
- Creativity – allowing the innovation and creative ideas to flow from within the organization
- Connection – creating a deeper emotional connection both to the employees and the customers through the bigger purpose and values
- Celebration – focusing on what is going well, celebrating the small wins as well and the big ones, showing appreciation and recognition
- Contribution – giving back on some level that is related to the business that gives meaning and significance to the employees and makes the business do good in the world.
When all of the 5 KCI’s (Key Cultural Indicators) are high, there seems to be a powerful positive force or energy within a company that accelerates productivity and drives the business forward.
Whether you refer to Achievers’ Eight Elements of Employee Engagement™ or to our 5 KCI’s, you can see how closely both “languages of engagement” correlate with each other—these are similar messages using different words to describe the same essentials.
Whatever words you choose to use, actively working on engagement is sound business strategy. It is possible to systematize it and it is essential to continually work with it consciously. At times, you may see examples of zany engagement activities (team-building exercises anyone?), but there IS a method to making work fun and bringing out the best in your people. And when you are able to do that consistently, you tap into an often under-utilized resource—your employees—who, working together, bring success to your company.
Working actively to build a culture of engagement is the first step in building an environment where your employees and your business can thrive. Your employees will be excited to come to work on Monday mornings and you’ll often hear what is music to any employer’s ears: “I love my job!”
Come see Karin Volo at the 7th annual Achievers Customer Experience (ACE) Conference from September 13-14 where she will be running the panel discussion with the 50 Most Engaged Workplaces Elite 8 winners on employee engagement. Learn more about the activities happening at ACE this year and find out how to register by reading the latest event blog post.
About Karin Volo
Karin is an expert in engagement, career, personal, and organizational development- aka the Chief Joy Bringer. She is a co-author of the international best selling book, Engage! With 15+ years experience working with international Fortune 500 companies on two continents, she has insights on business building, cultural transformation, and high performance. She is the best selling author of 1,352 Days: An Inspirational Journey From Jail To Joy, the Bringing Joy children’s series, a regular blogger on Huffington Post, a faculty member at the Institute for Inspired Organizational Cultures, and an expert judge on employee engagement in both the UK and the US.
Millennials are the hot topic of conversation in human resources departments today. This much talked-about but little-understood new generation is coming into its own in the workforce and will soon represent more than half of all U.S. employees. As baby boomers continue to retire, companies are facing the challenge of attracting and retaining millennials to replenish their ranks. With this backdrop, understanding the kind of corporate culture millennials desire and the forces that motivate them is key. But when you dig a little deeper, you will find that many of the same forces that motivate millennials also have a broader positive impact on your entire workforce, no matter their generation or demographic.
Millennials aren’t as different as you think
There’s been a lot of talk about how millennials are different from other generations, but the latest studies show that may not really be the case. The differences between the older and younger generations have more to do with age and life stages than with the different generational experiences they had growing up.
Millennials share many of the same long-term career goals as older workers. These include making a positive impact on their organization, helping to solve social and environmental problems, and working with diverse people. They also want to work with the best, be passionate, develop expertise and leadership capabilities, and achieve both financial security and work–life balance. In fact, only a few percentage points separate the number of millennials, gen-Xers, and baby boomers who claim these as their top goals.
That doesn’t mean that companies don’t need to adjust and evolve to attract and retain millennials; it just means that the changes they make will resonate with, and increase employee engagement among, all their employees, not just the youngest. And while there are technology solutions that can help you in this area, technology alone won’t compensate for a corporate culture that doesn’t focus on showing workers true appreciation.
What you can do to get started
If you’re a business looking to boost millennial appeal and improve overall employee engagement, consider making the following changes:
- Emphasize a broader purpose. Create excitement around the company’s mission and purpose by connecting to broader social causes and cultural movements.
- Encourage collaboration. Break down silos and encourage collaboration between diverse teams across your organization. Use team-building activities to help employees get to know each other and build interdepartmental connections.
- Provide frequent feedback. Recognize contributions. Encourage employees to develop their skills and expertise by providing with training opportunities along with frequent feedback. Create a culture that recognizes and rewards achievements.
- Provide opportunity. Look for employees who are ready to take leadership positions and give them the chance to show what they can do. Hire and promote from within rather than bringing in outside experts.
- Reward and recognize. According to the “Happy Millennials” Employee Happiness Survey, 64% of millennials want to be recognized for personal accomplishments, but 39% of them report that their companies don’t offer any rewards or recognition. Show employees you appreciate and value their hard work by recognizing and rewarding their efforts and achievements.
Getting the most out of millennials and other generations in your workforce requires creating a culture that encourages, supports and rewards success. When you do this it will have positive ripple effect across your entire organization, regardless of generation. Download our e-book, “The Ultimate Guide to Employee Recognition, and learn how to use rewards and recognition to engage and motivate all your employees.
By: Bobi Seredich
Co-founder, Southwest Institute for Emotional Intelligence
Picture this: Your phone rings and you see the caller I.D. pop up on the screen. The little voice in your head questions, “Should I answer the call or send it straight to voicemail?” It’s understandable that we don’t always want to pick up our calls. But have you ever put yourself in the other person’s shoes and wondered how many times someone has chosen to not answer your calls?
As leaders, it’s important to get every call answered. But even more important is having the trust in your team that they will be there when you need them – and vice-versa. With one missed call, opportunities can be lost and situations addressed too late in the game. Simple things like not picking up phones calls are subtle clues in a work culture that the level of trust may not be where it should be. Reputations and relationships are formed – at a foundational level – during stressful moments when trust is either built or broken.
As leaders, not getting your team to answer calls may be a warning sign that there is something bigger going on. You have to remember that every interaction with someone is a chance to build trust, including a simple phone call. All great teams have one thing in common – trust: as defined by the ability to be vulnerable, admit weaknesses, and believe in one another. It’s extremely vital to set egos and titles aside in order to move the organization forward as a whole. Even little things like having the confidence to say “I’m sorry” is important for a team looking to build trust.
If your team has a challenge with trust, there can be big costs associated. According to famed productivity and organizational behavior expert, Stephen Covey, trust is a real and important economic factor. In his book, The Speed of Trust, Covey discusses the ‘trust tax’ and ‘trust dividend’ – if there is low trust among your team, speed decreases and cost increases as a result. If you are working in a high trust culture, there is the opposite effect, with an increase in speed and decrease in costs (in essence giving you a trust dividend). With a high trust culture, you are also creating a happier and more engaged workplace which boosts productivity. You might have great strategies and execution plans, but if you have low trust you won’t get the desired results. Keep in mind that high trust won’t save a bad strategy, but low trust will derail a good one.
According to the Edelman 2016 Trust Barometer, “Nearly one in three employees don’t trust their employer. And more than two thirds feel that CEOs are too focused on short-term performance.” What can you do differently to build trust in your company with team members and clients? You have to be willing to move away from old habits and negative attitudes to effectively change behaviors and build a healthy culture that is more proactive than reactive.
Here are 5 powerful ways to improve trust within your workplace according to the research by Stephen Covey in The Speed of Trust. Here are the ‘Stop’ and ‘Start’ behaviors that promote them:
- Deliver results
Stop these behaviors:
- Accepting low standards
- Quitting or not seeing things through
- Overreacting to setbacks
- Making excuses
- Saying you are too busy and swamped
- “Let’s do this together!”
- “What are the measures and how will we know? By when?”
- “What does success look like?”
- “How will we celebrate?”
- “Let’s discuss our barriers to success and a Plan B.”
- Talk straight
Stop these behaviors:
- Lying or deceiving
- Hiding or covering things up
- Beating around the bush
- Giving upfront disclaimers
- Withholding information
- “Here’s how I see it…”
- “I respect you and I want to talk straight.”
- “Here is my intention…”
- “Here are the brutal facts…”
- “I want to be as transparent as I can.”
- Listen first
Stop these behaviors:
- Speaking first
- Thinking about what you are going to say next
- Multi-tasking during conversations
- Pretending to listen
- “What I hear you saying is…”
- “Let me make sure I understand.”
- “Let’s clarify…”
- “What’s your perspective?”
- “What do you mean? How are you feeling?”
- Right wrongs
Stop these behaviors:
- Taking things so personally
- Making assumptions
- Justifying bad behavior
- Denying you made mistake
- Covering up anything
- “I made a mistake. I’m sorry.”
- “I was wrong.”
- “This is my fault. It won’t happen again.”
- “I’m truly sorry for how my actions impacted you.”
- “What can I do to make this right?”
- “Here is what I can commit to doing moving forward…”
- Show appreciation
Stop these behaviors:
- Assuming people think you care as a reason not to show it
- Micromanaging others and their work
- Withholding trust
- Confusing accountability with trust
- “I truly appreciate you and what you did.”
- “Here is what I appreciate about you…”
- “Thank you.”
- “How are you doing? Tell me about you.”
- “I believe in you. I know you can do this.”
- “How can I support you?”
- “What are your thoughts about this?”
You have the ability to rebuild trust and inspire others in your organization to do the same. Trust may be thought of as a soft skill set, but it delivers bottom line results. Please join me at the 7th annual Achievers Customer Experience (ACE) Conference from September 13-14 where I will be sharing more about the currency and culture of trust. Learn more about the activities happening at ACE this year and find out how to register by reading the latest event blog post. Can’t wait to see you there!
Bobi Seredich is a recognized speaker, author, trainer and successful entrepreneur specializing in leadership development. She has spent over 20 years of her career dedicated to creating, directing, writing and presenting leadership programs for top companies in the U.S. and around the world.
Bobi is the co-founder of the Southwest Institute for Emotional Intelligence and Managing Partner of EQ Inspirations. In 2001, she founded Equanimity, Inc. also known as EQ Speakers – a speakers’ bureau and leadership training company. It fast became a top speaker bureau that booked hundreds of speakers with large Fortune 500 clients. EQ Speakers was sold in 2012 and continues to be a leader in the industry.
Her book, Courage Does Not Always Roar – Ordinary Women with Extraordinary Courage, was published by Simple Truths in the spring of 2010. The book is a collection of her experiences and stories of women who have had the courage to overcome very difficult life events.
Her passion is to guide individuals and organizations to a higher performance level through her own business knowledge, inspirational stories and leadership emotional intelligence training. Bobi lives in Phoenix, AZ with her husband and 4-year old twins, Alex and Gia.
Employee performance reviews are often awkward and uncomfortable. Feedback, whether positive or critical, can be difficult to deliver or accept. Yet providing feedback to employees is an important way for a company’s leadership to guide the organization. Employees also want feedback; employee engagement increases when employees get more feedback, more frequently; and, they’re less likely to quit.
Tips for Managers
- Review expectations. Take a look at the feedback employees received last year, along with their self-appraisals and development plans.
- Evaluate performance. Think about how well they’ve done that work. Use your own opinion of work you’ve seen, plus updates from the employee, comments from their coworkers and input from other managers and other departments. Take note of any awards or recognitions the employee received.
- Plan for next year. Identify successes as well as opportunities for improvement, and set objectives for the next year. Outline a development plan that will help achieve employee success.
- Conduct the review. Set aside enough time for a thorough conversation. Allow the employee to respond and react to your feedback. Make sure the employee agrees with the goals you set for the next year.
- Follow up. Don’t file the review away until next year’s annual review. Check in with employees throughout the year to make sure they’re making progress on their development plan. Take the opportunity to offer employee recognition and rewards for improvements and achievements throughout the year.
- Consider continuous feedback. A new approach taking root in forward-looking organizations like GE and throughout silicon valley is known as “continuous feedback”. Continuous feedback favors frequent check-ins throughout the year over stressful annual reviews and allows you to identify potential problems and address sources of dissatisfaction or disengagement quickly, so they don’t linger and affect performance.
Tips for Employees
- Review expectations. Look over the expectations that were established last year, based on your job description, review and development plan. Review the work you achieved as well as the difficulties experienced along the way; this is important because managers often see only the finished work product and don’t understand the challenges that had to be overcome to produce it.
- Evaluate performance. Consider what you did well during the year and where you fell short, as well as what you liked working on and what you didn’t enjoy.
- Plan for next year. Consider your long-term career goals and what skills you would like to develop over the next year to help move you along that path.
- Participate in the review. Take advantage of this time with your managers. If you disagree with their assessment, share your opinion respectfully. Make sure you agree with the development plan and goals for next year.
- Follow up. Don’t file the review away until next year’s annual review. Take action on the development plan, and let your manager know how things are going throughout the year. Treat your manager’s time as a resource that can help you achieve career success.
- Embrace and encourage continuous feedback. If your manager and HR department are open to it, encourage and embrace continuous feedback and foster open lines of communication between you and your manager all throughout the year.
Because reviews feel uncomfortable, both managers and employees often simply hurry through them, just to get them over with. Taking that approach technically meets corporate requirements to conduct a review, but it loses all the benefits. When managers and employees take time to prepare before the review, have an open and honest discussion, and then use the feedback to make real changes, performance reviews become a key factor in increasing employee motivation and driving employee and business success.