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Should Compensation Be Tied to Performance Reviews?

15Five

Performance reviews can be scary. Sitting down with your manager to go over your performance for the last year and getting feedback is nerve-wracking but essential for employees who want to grow in their careers. Should you tie compensation and performance reviews together?

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A New Look for Performance Reviews

Association Now Leadership

But workers should also be empowered to establish reviewable goals and how to meet them. It’s practically axiomatic at this point that the annual performance review is broken. Framing performance conversations around goals has the obvious benefit of helping people know what they ought to be working toward.

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How to Use Performance Reviews to Motivate Employees

15Five

Now, when was the last time you felt that way after a performance review? It’s no secret that performance reviews have gotten a bad rap in recent years. When done right, reviews can inspire the same motivation and drive in your workforce as that conversation did for you. Here’s how: 1. All done, right? Think again.

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Ensure Fairness and Consistency During Performance Reviews with Calibrations

15Five

Here at 15Five, we know the importance of not only running regular performance reviews, but also in ensuring that the process is fair and equitable. This feature enables HR leaders to compare and adjust performance ratings in real time, right in 15Five. Both employees are performing what is considered “at level” for their role.

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3 Tips For Unlocking Employee Career Growth Through Performance Reviews

15Five

So instead, we recommend conducting frequent performance reviews. Below, we share several science-inspired tips you can use during performance reviews to help employees create their dream role within the organization and maintain long-term engagement. Identify your employees’ strengths and seek opportunities to hone them.

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How Compensation Analysis Shapes Competitive Compensation Plans

Zenefits

To provide employees with fair and desirable compensation, savvy companies routinely conduct a compensation analysis. By identifying the right compensation strategy, you can establish a competitive pay structure to help attract and retain talent. What is compensation analysis? Why is compensation analysis important?

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How to give better employee performance reviews? Don’t.

Know Your Team

Our take on how to give better employee performance reviews – and what to consider instead. “How to give better employee performance reviews?” ” This is a question I’ve consistently received over the years, and becomes more pronounced as we enter performance review season.