Benefits April 19, 2011
Half of Workers Say Performance Reviews Don’t Work
April 19, 2011 (PLANSPONSOR.com) – New research finds employee disillusionment with the traditional performance review process.
Reported by Rebecca Moore
The 2011 Globoforce Workforce Mood Tracker, a semi-annual survey that provides insights on the current mood of the U.S. worker, discovered that more than half (51%) of today’s workforce thinks employee performance reviews are not an accurate appraisal for their work. Nearly one-quarter (24%) of respondents said they dread their annual review more than anything else.
According to a press release, only 25% of survey respondents receive a performance review more than once a year; 18% receive semi-annual feedback, while 7% have monthly reviews. More than two in ten (22%) reported never having a review at all.
“Our survey results show what many in the HR community and business world feel right now: the annual performance review is broken,” said Eric Mosley, CEO of Globoforce, in the press release. “An ongoing, 365-day performance management solution that accurately measures employees’ year-round performance not only drives engagement, it uncovers the true leaders and influencers across the organization. This type of approach, driven by a strategic recognition program, provides employees with the feedback, appreciation, and direction they need to approach their peak performance level.”