8 Quick Tips to Help Strengthen Your Candidate Sourcing Methods

Your employees are your greatest asset. Too often, organizations do not provide enough opportunities to give and receive feedback. Employee sentiment is measured too sporadically, or the insights that your employees provide are not utilized into actionable change. By using employee engagement surveys, leaders can gather data on the satisfaction of their teams and can identify trends to create benchmarks for future reference.

This article on annual employee review ratings was originally published in November, 2016. Relevant employee review statistics and associated content were updated November, 2020.   What is an employee rating? Employee review ratings are used in performance management processes to quantitatively address performance. These are easy to administer but can backfire if used as the only indicator or assessment of performance. Traditional annual performance reviews sometimes miss the mark on specific feedback, timeliness, and progress. 45% of HR leaders do not think annual performance reviews are an accurate appraisal for employee’s work, and 87% of organizations are unsatisfied with their performance review process.

Having a solid performance management strategy that employees feel is fair and designed to support their personal development will boost organizational productivity, employee growth and engagement, and overall company success. The problem is that most companies don’t have a performance management approach that employees feel good about and trust. Traditional performance management practices were built largely to support HR’s administrative needs to rank employees and document performance discussions rather than foster employee development and build trust and communication between employees and managers.