Whether you’ve done your performance reviews already or you’re squeezing them in before year’s end, odds are they aren’t as effective as they could be.
Seventy-four percent of companies reported their performance management systems to be ineffective, according to Willis Towers Watson, and research from Gallup found that 95% of managers are not happy with their organization’s review methods. A recent survey by Textio found that 40% of employees who perceive their feedback to be low quality are looking for another job. Of those, 25% cited feeling disrespected or underappreciated, and 17% pointed to insufficient feedback.
