Annual reviews: Most popular, least effective
The most common frequency for performance reviews continues to be annually (71%), well ahead of semiannual (13%), quarterly or more frequently (5%) and ongoing (4%). However, HR professionals say that reviews offer a more accurate appraisal of an employees’ performance when those reviews are conducted more frequently than annually.
HR agreeing that performance reviews are accurate:
Quarterly (or more often): 86%
Source: Society for Human Resource Management survey, 2018