Are Annual Employee Reviews Still Relevant?
OKLAHOMA CITY - December 14, 2016
Business Leaders Say Yes, But With A Stipulation
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New poll results today from Express Employment Professionals reveal how employers feel about annual employee reviews, a common practice among many large and small companies.
In a recent poll of business leaders, more than half (52 percent) say annual reviews are still relevant, but should be ongoing throughout the year. Another 20 percent say employee reviews have little effect, good or bad, on a worker's performance, with 16 percent saying a formal annual review is still an integral part of a successful management strategy.
Six percent believe annual employee reviews are not relevant and actually do more harm to worker productivity than good.
"Whether the review happens at the end of the calendar year or at some other point, it's clear that a majority of business leaders still believe annual employee reviews are effective, as long as their work are being evaluated throughout the year," said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. "Leaders should view annual reviews as an opportunity to review what went well for the employee, what can be improved upon, and discuss goals for the coming year.
"The review becomes ineffective when it's a once a year meeting that isn't engaged throughout the year between the employee and their leader. Business leaders: don't miss out on this chance to improve your team through ongoing interaction about their professional goals," Funk said.
The poll on the Refresh Leadership blog received 772 responses.
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About Robert A. Funk
Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has more than 770 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 6 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professionals
Express Employment Professionals puts people to work. It generated $3.02 billion in sales and employed a record 500,002 people in 2015. Its long-term goal is to put a million people to work annually.
For More Information:
Sheena Karami
Director of Corporate Communications and PR
Express Employment Professionals
(405) 840-5000
sheena.karami@expresspros.com