Why conduct a midyear review for performance?
You should conduct a mid year review for performance simply for those reasons when your Coach last interrupted you in your last game.
Just visualize a dug out at any match in any UEFA Champions League. Just think about the excited and tensed coaches and mates of two camps.
“Well played a great first half, no need to say much.” – “But, watch out guys, – the next would be tougher!”
Midyear review for performance has 3 objectives. They are:
- A realty check of all your business strategies.
- Choosing your knights for remaining part of the game. You understand:
- Who should be stretched for the final punch?
- Who needs to be replaced?
- Who is hurt and need medical care, so that he/she can jump back to game.
- Releasing stress of your team, without letting your mates to cool their heels. It’s a pep session. Your team deserves pat on the back. Pump their spirits!!!
Mid year review for performance can take care of the 10 headache of any HR team:
- What goals and objectives have been accomplished so far?
- What are new the challenges that have emerged to meet the performance or goal accomplishment?
- What goals and projects still need to be accomplished?
- Which goals is no longer relevant or high priority?
- Should any business strategy be revised or removed from the priority list?
- What resources and support will be required to accomplish the goals that remain for the rest of the year?
- What obstacles or challenges might hamper performance going forward?
- What new knowledge, skills and capabilities will be required?
- Do the team need a new goal?
A mid year review for performance helps you to achieve the following:
- Identify and monitor over and under-achieving employees;
- Structure future training programmes and possible future roles;
- Provide both praise and constructive criticism in a neutral environment;
- Clearly communicate your expectations to employees; and
- Motivate employees to greater efforts on the company’s behalf.
Watch out. Don’t be surprised if you see the #MidYearReview hashtag trending on Twitter.