Employee Evaluation Key Terms

Employee evaluations can provide employees with opportunities to develop professionally

By Renee Baumgardner

Employee evaluations can be a useful tool in developing one's skills and work performance that will prove beneficial to both the employee and the employer. Discussions held during employee evaluations provide an opportunity for supervisors and staff to establish goal management, performance management, compensation planning, development opportunities and time management.

Goal setting management

Goal setting management is a process that involves not only developing new goals, but also examining existing goals and refining them to address current processes within the organization, such as increasing cooperation and accountability.
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Performance management

Performance management involves the examination of how an employee is progressing towards established goals. This process involves responding appropriately to enhance goals or correcting identified weaknesses to ensure employees work efficiently and effectively to their fullest potential, returning a profit for the organization.
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Compensation management

Compensation management, sometimes referred to as pay-for-performance, can act as an incentive for employees to work effectively and efficiently to increase their productivity. Organizations can also benefit from compensation management by retaining stellar employees, since their paycheck reflects their hard work.
Try: Refer to SuccessFactors for more information on compensation management.

Succession planning

Succession planning involves the foresight of an organization to plan for future situations that may arise when an employee leaves. This process requires that an organization identify an employee's strengths and provide training opportunities to that individual to increase their versatility within the organization. When another employee leaves the organization, the trained individual can move into the open position.
Try: Refer to Succession Planning 101 for more information on succession planning.

Learning and development

Providing learning and development opportunities to employees is critical to the success of any organization, not only to remain competitive in the industry but also to retain employees by allowing them to advance in their careers.
Try: Refer to Abbott to find out how learning and development can benefit your organization and staff.

Time management

Providing time management training to employees will allow them to work more efficiently and effectively, which will result in more productivity for your organization. Ways to improve one's time management include overcoming procrastination, maintaining activity logs and prioritizing tasks.
Try: Learn time management skills from Study Guides and Strategies.