Episode D5.007 Performance Appraisals are Formal

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Introduction
Performance Evaluations also known as Performance Appraisals is a process where job performance is measured, documented and evaluated.  The evaluation of performance can be formal and/or informal.  Early in the development of organizations things are very fluid and people are asked to step in and perform multiple roles.  The performance evaluations during these early stages may be more informal, occurring over a series of conversations that are suitable for the changing environment.  As the company grows there is a need to move toward formal performance evaluations that is part of a systematic approach used to help manage employee performance. 

Show Objectives
This week’s show focuses on the performance appraisals and how to move them from informal to formal.  We will discuss key elements of a performance appraisal and highlight areas that will help align the employee’s performance with the overall business objectives.  If it is true that “What gets measured gets done” then you want to make sure that you are measuring the “right” things.


Key Issues

1. In the past used an informal approach - forced performance conversations on a frequent basis 
2. Formalizing means a form - a method of documenting the meeting 
3. Start with performance expectations created at previous meeting and what happened over the period, provide evaluation of performance, collaboratively develop an improvement plan - if necessary, set performance expectations for next period 
4. The core of the conversation is their actual contribution to achieving business objectives vs what was planned for the period

What You Need to Do

1. Develop a formal performance appraisal process
2. Document the process
3. Measure what is important to your organization and your people, not just your bottom line.​

Shows
Previous: Episode D5.006 Relationship with Management and Ownership is Open and Based on Trust
Next: Episode D5.008 Leaders Act More Like Coaches 

Written by James Bryant
https://www.linkedin.com/in/jbryant2/
www.BetterYou4U.com



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