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Informal recognition and feedback is useful. But to maximize your employees' output, it's good business to create an official performance review system and then use it. To put together your performance review policy, give some serious thought to:
Knowing how to accurately evaluate workplace performance is an important aspect of any manger or business owner's job. A company is only as good as its employees, and being able to recognize your assets is just as important as identifying the weaker links in your crew.
Though evaluations will differ because of specific job duties at various companies, the fundamentals of excellent workplace performance have a few things in common. For example, rate the quality of the product that is being produced or the service that is being performed. An employee who consistently receives high marks from both supervisors and customers in this area is worth hanging on to at all costs.
Another basic thing to take into consideration during an evaluation is the time factor. For example, if there are employees who are regularly holding up an assembly line, it may be time to either find another section that is a better fit for their skills or time to let them go completely.
To ensure that you receive an accurate overview of how well your employees are carrying out their duties, research all you can about how to exactly gauge their work. Learn more about fair evaluations of workplace performance through the links found on this Business.com page.