Nov 22, 2018
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.
Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
BLOG TRANSCRIPTION:
BLOG: Employee Performance: Clearly Setting Expectations for Team Success
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 on Facebook
10 Key Tips for Effective Employee Performance Reviews
_________
BIO:
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
DISCLOSURES:
This
podcast is distributed for informational purposes only. Statements
made in the podcast are not to be construed as personalized
investment or financial planning advice, may not be suitable for
everyone, and should not be considered a solicitation to engage in
any particular investment or planning strategy. Listeners should
conduct their own review and exercise judgment or consult with
their own professional financial advisor to see how the information
contained in this podcast may apply to their own individual
circumstances. All investing involves the risk of loss, including
the possible loss of principal. Past performance does not guarantee
future results and nothing in this podcast should be construed as a
guarantee of any specific outcome or profit. All market indices
discussed are unmanaged, do not incur management fees, costs and
expenses, and cannot be invested into directly. Investment advisory
services offered by WealthSource Partners, LLC. Neither
WealthSource Partners, LLC nor its representatives provide legal or
accounting advice. The content of this podcast represents the views
and opinions of Justin Goodbread and/or the podcast’s guests and do
not necessarily represent the views and/or opinions of WealthSource
Partners, LLC. Statements made in this podcast are subject to
change without notice. Neither WealthSource Partners, LLC nor its
representatives, the podcast’s hosts, or its guests have an
obligation to provide revised statements in the event of changed
circumstances.
Certified Financial Planner Board of Standards,
Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED
FINANCIAL PLANNER™ certification mark, and the CFP® certification
mark (with plaque design) logo in the United States, which it
authorizes the use of by individuals who successfully complete CFP
Board’s initial and ongoing certification requirements.
Advisors who wished to be ranked in Investopedia’s Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia’s Top 100 Financial Advisors List.
The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
This podcast might recommend
products or services that offer Financially Simple compensation
when you use them. This compensation is used to help offset the
cost of creating the content. We will, however, never suggest
products/services solely for the compensation we
receive.