According to a press release, Kenexa found employees who are given a performance appraisal are more engaged and are more satisfied with their job and the company overall. The research indicates that receiving a performance appraisal has a significant, favorable impact on how employees rate their pride in the organization and their willingness to recommend it as a place to work.
In addition, employees who receive a performance appraisal are more likely to say they intend to stay with their firm compared to those who have not received a performance appraisal.
Employees who have received a performance evaluation are much more likely to state that their managers display the fundamentals of managerial competence: treating employees fairly and doing a good job at managing the team’s work and the team itself, the press release said.
The survey also found those who received an evaluation are more likely to feel a sense of job security, be satisfied with on-the-job training, feel that performance is evaluated fairly and experience greater feelings of personal accomplishment.
According to Kenexa, across the 12 largest economies in the world, about 60% of employees report having received an appraisal within the past 12 months. Those in Spain are the least likely to report receiving a performance appraisal, while those in the U.S. are the most likely.
“When we gauge the positive impact of this important talent management tool, we once again see that building an engaged workforce is often based simply about the fundamentals. In this case, it is about managers and leaders communicating expectations and providing their employees feedback.” said Jack Wiley, executive director, Kenexa Research Institute, in the press release.
The results are based on the analysis of data drawn from a representative sample of workers surveyed in 2009 through WorkTrends, KRI’s annual survey of worker opinions.
More about Kenexa is at www.kenexa.com .
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