Objective of a performance review
Actually, there are two common objectives for performance reviews. You may include one or both. It is recommended to do both if you only hold one annual performance review.
Evaluation. The objective is to assess and check the employee’s performance over a certain timeline to make further key business decisions. Usually, such decisions are made toward an employee’s promotion, raise, and their overall status within the organization, which usually happen twice a year.
Development. The objective is to start up a feedback process and provide employees with constructive feedback on a regular basis. This is made to highlight an improvement strategy. At the end of the review, an employee has received 360-degree feedback based on 360 review questions and already has an action plan. They get to know what their weak points are and what they need to work on. Also, they know what steps they need to take to become successful. All these reviews are made for the employee’s benefit, and are usually held 2 or 4 times a year.