Efficiency, Productivity, Lower Turnover Costs: The ROI Of Employee Reviews

By Robyn Porter, Human Resources Manager & Consultant, HTG Peer Groups

In my last post I spoke about the need to have quarterly “un-reviews” and why they can be an effective and useful tool in managing your employees. I also mentioned that annual reviews are an equally important part of any organization’s performance management strategy.  From increased employee satisfaction to an increased bottom line, properly executed reviews can absolutely be utilized to maximize your return on investment.

You Can Save $$ Through Efficiency

Businesses are running leaner than ever, and SMBs are no exception. Employees are asked to wear “multiple hats” and do whatever it takes to get the job done, resulting in blurred lines when it comes to their daily duties and responsibilities. The result?  Employees are performing tasks which are not their highest and best use of time, and often their managers are completely oblivious. Taking time to sit down yearly enables focus on daily tasks and identifies areas of inefficiency in the organization.

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