bureacracy

It's really easy to make fun of big businesses. With all
their bureaucracy, they tend to move very slowly. And they
tend to be difficult to work with.

But there's one thing that big businesses typically do much
better than smaller companies. And that is conducting
employee performance reviews.

In fact, many smaller businesses focus so much on solving
day to day crises, that conducting employee reviews falls by
the wayside.

Which leads to problems. Lots of problems.

Here's why:

Companies that succeed have strategic plans.

And, when you conduct periodic employee performance
reviews, you ensure that your employees have objectives that
are congruent with your company's strategic plan.

So rather than employees focusing on tasks that they think
are right, you ensure that they accomplish the tasks that
really allow your company to grow and profit.

Without performance reviews, you get lots of problems.
Management gets frustrated because employees are not
achieving key objectives. And employees get frustrated
because they don't know if they're doing a good job or not.

Interestingly, when I recently interviewed Mike Carden,
co-founder of performance management review company Sonar6,
he told me that most employees really like performance
reviews, even when they are underperforming.

He said, "It's sort of like playing golf. Even if you don't
play great, you want to know your score at the end."

Carden gave me some other great tips on conducting
performance reviews to ensure that you get the most out of
your employees and your company achieves its objectives.

Among other things, Carden mentioned that reviews should
typically be done monthly and should take no more than 20-30
minutes per employee.

By getting into the habit of conducting monthly performance
reviews, you ensure that your employees remain focused on
the RIGHT objectives and that you reward them and/or improve
their performance more quickly.


To Your Success!