How to Use Performance Reviews for Value Growth

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In episode 110 of Financially Simple, Justin talks about Employee Performance Reviews as a tool for growth.

Performance Management is key to developing a business. Constantly evaluating, discussing, and setting goals drives a business forward. Justin takes a look at the components of Performance Management, and the steps to take throughout the process.

TIME INDEX:

00:33 - How to Use Performance Reviews for Value Growth

01:11 - Performance Management

02:31 - Have Clear Documented Expectations

03:19 - Regularly Discuss Key Components

03:58 - Meet with the Team Regularly

04:54 - 360 Feedback

05:28 - Share the Performance Review Format

06:43 - Work Together on Goal Setting

07:31 - Discuss the Positive and Negative Components

08:55 - The Process

09:09 - Setting Goals

10:12 - Review Goals

10:41 - Review Results

11:38 - Assess Progress

12:48 - Employee Self-Assessment

13:27 - Review Year-End Results

14:05 - Manager and Employee Discuss and Confirm Employee’s Ratings

14:45 - Closing

USEFUL LINKS:

Financially Simple

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UND Performance Management

10 Key Tips for Effective Employee Performance Reviews

DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

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