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HR Consulting Firms for Small Business
August 8, 2023

Performance Reviews are Outdated: A Guide for Small Business Owners on Alternatives

  In the ever-evolving business landscape, traditional performance reviews are becoming increasingly outdated. These once-a-year evaluations often cause stress among employees and don’t necessarily lead to improved performance. So, as a small business owner, what should you do instead? Let’s explore some alternatives. Continuous Feedback: A New Norm One of the main issues with annual performance reviews is that they don’t provide timely feedback. Employees have to wait for months to understand their strengths and areas of improvement. This delay can hamper their development and productivity. Enter continuous feedback, an approach where managers provide regular, constructive feedback to their team members. This could be weekly, bi-weekly, or monthly, depending on your business needs. The advantage is that employees receive real-time feedback, allowing them to make immediate improvements and feel more […]