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Time to update the performance review process? Study says yes.

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Patrick DiDomenico

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in Centerpiece,Human Resources,Performance Reviews

The performance review is getting a makeover, suggests new research from staffing firm OfficeTeam. More than half of companies (51%) have updated their performance appraisals in the past two years.

According to the HR professionals surveyed, top changes include making the process shorter (39%) and increasing the frequency of feedback (36%). A quarter said they had added a peer-to-peer or 360-degree component to the appraisal process. Perhaps most significantly, 20% said they decoupled performance reviews from compensation discussions.

How often are employers holding performance reviews? Seventy-eight percent of HR managers said their company conducts formal staff appraisals at least once a year. Thirty-eight percent have these meetings twice a year or quarterly, an 11-point jump from a similar survey in 2015.

HR managers were asked, “When was the last time your company updated its performance review process?” Their re...(register to read more)

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