The annual review is coming up—meaning one year’s worth of work will come down to one review. It’s no wonder managers and employees alike dread the whole process.
Wouldn’t it be better if performance reviews were more ongoing?
In fact, businesses that provide performance reviews on a regular basis see better performance. Research from Bersin by Deloitte shows, companies that revisit goals for employees quarterly, outperform those that set goals annually by more than 30%.
Improvement not only requires monitoring results and adjusting on a continual basis, but also a more social approach. Employees need to receive constructive feedback from their colleagues on ways to improve, and not just a number ranking on a performance review chart. This means the review process should not only be more transparent, but more meaningful to the employee.
Now that Teamly has released a new social performance management app designed for tibbr, employees can formally review and reward performance right from their enterprise social network. The Teamly app supports performance reviews, employee recognition, goal setting and even task management. It’s designed around people and processes. For example, employees can award a badge of recognition on a colleagues profile to make them feel valued as well as notify their manager for their hard work. Our integrated approach takes people from thinking and planning, all the way through to implementation and review.
Check out how Teamly works in tibbr below. Contact us for more information or activate the app now from the tibbr App Marketplace.