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.
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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
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.