Performance Review: What is PR Meeting? (E)
Performance review meeting is important performance management tool that requires preparation and compliance to certain rules. These rules are applying to team leader and his subordinates as well.
Posted: Jan 2012
The Performance review meeting is a management routine that provide crucial controlling and reporting. By conducting the formal review meeting the manager of respective level is conducting the supervision of employees, reviewing performance per every key performance indicator (KPI), identifying gaps and opportunities, leading and coaching people, gather information and building reports based on information obtained.
Since from this is obvious that PR is demanding from process view, it is important to keep a good routine of performance review meeting. It is important to understand what performance review meeting is and what is not.
What it isn't?
A formal process that takes place in order to satisfy the routine
Something that has to be done because it has to be done
Something that I can copy from my colleague
A set of forms that nobody will look at
An performance tool that is not connected with any other process
What it is?
A performance management tool
An official and written conversation
A chance to testify our personal points of view about our performance
The tool of recognizing performance
The tool for handling underperformance and building corrective action plans
Indication for future trends
What is Performance Review and Why it is important?
The process of measuring both the WHAT and the HOW parts of the employee’s performance against objectives for every respective key performance indicator.
The output provides direct input to bonus incentive, salary review, problems detection and future business action.
The PR is an opportunity to review demonstrated performance during a period cycle.
The performance review helps to determine how well objectives are met, providing a link between the impacts of individual performance on business results. It is possible to provide examples of observable behaviors that can be used later on during review competencies and skills.