Performance reviews help employees focus on continuous improvement, help people meet professional and personal goals and spark meaningful conversations between managers and staff. But do you practice effective feedback strategies at work or does your business only engage employees once a year?
According to Bloomberg, large businesses, such as General Electric Co., are actually eliminating formal annual reviews as organizations see the importance of implementing feedback throughout the entire year, “Much of performance management is feedback,” says Chief Behavioral Economist, TalentX (ADP) Jordan Birnbaum.