Employers Now Give Performance Reviews More than Once a Year

The performance review is getting a makeover, suggests new research from staffing firm OfficeTeam.

More than half of companies (51 percent) have updated their performance appraisals in the past two years. Top changes include making the process shorter (39 percent) and increasing the frequency of feedback (36 percent).

How often are organizations holding reviews?

More than three in four HR managers (78 percent) 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.

Is this good for employees? It can be, since employees don’t have to wait all year to find out how they’re doing.

Copyright Today’s Credit Unions