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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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
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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.
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