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What are the Benefits of Regular Performance Review Meetings?

October 26th, 2022

Performance reviews can have a bad reputation among both managers and their teams as a yearly chore that just needs to be checked off the corporate to-do list. However, recent trends suggest that more and more organizations are beginning to recognize the value of continuous feedback over annual or periodic performance reviews. These companies understand that if held on a more regular basis, performance conversations can be part of a successful strategy to increase employee engagement and improve quality of work.

To learn more about why you should make frequent check-ins an integral part of your company culture, check out the top benefits of regular performance review meetings below:

Happier and more successful employees

Lack of regular feedback can leave employees feeling directionless or like their work goes unrecognized. Conversely, companies are finding that continuous feedback can have an incredibly positive impact on their workforce. Regular check-ins show employees that their manager cares about them and wants to help them succeed. Further, continuous feedback helps increase engagement and motivates employees to perform well. All of these factors are important for minimizing staff turnover and promoting career growth among your workforce.

Frequent performance meetings also allow managers to identify areas of improvement before they affect the company or become irreversible. This helps employees to produce better work and can save a significant amount of time that would be lost to fixing weeks or months of unchecked mistakes.

Improved management skills

Your employees aren’t the only ones who will benefit from regular feedback. More frequent performance review meetings can also help you to become a better manager and avoid improper or damaging interactions with your employees. Interestingly, one study demonstrated that managers who received feedback on their strengths showed 8.9 percent greater profitability.

It’s also much easier for you to identify, track, and maintain goals when you schedule regular performance meetings. These meetings can help you better understand your employees and develop goals that reflect their strengths and weaknesses. Knowing what your employees are capable of and setting individualized goals can help them thrive and saves you from wasting time on assigning projects or tasks that don’t make sense.

Clear expectations and two-way communication

Sporadic or infrequent check-ins with your employees can result in miscommunication. Holding frequent one-on-ones with the employees who report to you provides time to clarify any expectations and curb misunderstandings. This ensures that any questions an employee might have are addressed on a regular basis and allows you to bring up concerns on projects they might be working on.

Regular one-on-ones also provide your employees with more opportunities to connect with you and feel heard. As a manager, one of the most important functions of your job is to listen to your employees. If you don’t allow your team to ask questions and respond to feedback, they will feel as if they don’t have a voice.

Less pressure associated with annual performance reviews

Annual, end-of-year performance reviews can be daunting for both employees and their managers. Establishing frequent performance meetings throughout the year can help take the pressure off these yearly evaluations by making sure everyone knows what to expect when the time comes around. If you have conducted regular reviews throughout the year, you also don’t have to summarize an entire year’s worth of performance in one meeting, which can be time-consuming.

Holding frequent performance review meetings also provides a documented history of conversations, which can help you evaluate an employee’s performance more accurately and efficiently.

Let Teamble help you establish a regular performance review program that works for your organization

We built Teamble to help you make continuous feedback a meaningful part of your company’s culture. We also make this transformation simple by allowing you to continue using the tools you and your employees are already familiar with: Slack and Microsoft Teams. Our platform allows you to easily set and view goals, provide continuous feedback in real-time, and document interactions with your team–providing you with all the tools you need to improve employee engagement, build better teams, and strengthen performance at your organization. 

For additional information on how Teamble can help you establish a better performance review system and manage your team more effectively, check out our Help feature or give Teamble a try for free.