Performance reviews are essential for employee retention. The concept of 'a job for life' no longer applies to the majority of workers. People today move to new roles whenever they feel their needs are not being met. Retention is therefore a major challenge facing the modern employer. It’s also important to cultivate an environment of challenge and praise to help motivate your staff.
Here's how:
Challenge employees
Create healthy competition
Delivering negative feedback
Share information
Praise when merited
To know where each of these techniques is most effective, you need to have frequent reviews with each member of your team to encourage ambition and understand any grievances.