Essential Aspects of Employee Reviews

Source: Accounting Today

In this article, Gary Boomer outlines his ideas for effective performance reviews, noting that firms are leaving behind the old standard of chargeable hours and focusing instead on results. According to Boomer, the process needs to incorporate simplicity, more frequent reviews, a forward-focused mindset, and an emphasis on the employee's role in the review process.

By maintaining simplicity, firms can keep reviews useful and not burdensome. By communicating more often, managers and employees are less apt to miscommunicate, and they can address problems and opportunities as they arise.

Boomer suggests meeting quarterly, which also allows managers to help employees look ahead and develop plans for reaching personal goals that mesh with the goals of the firm. Additionally, employees can be empowered and motivated by having a considerable role in their own reviews. Employees conduct self-evaluations under the guidance of their supervisors, which gives management beneficial insight into employees' perspectives.

For the complete article, read “Performance matters.”

From Accounting Today, September 13, 2010, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.