Hello and welcome to Episode 239 of The People Powered Business Podcast.

Today we are continuing the conversation on performance reviews, but today we are focusing on retention – and looking at how conducting effective performance reviews improves retention and reduces turnover.

We kick off this episode by taking a look at some of the ways reviews create engagement and ultimately this drives improved retention. We look at reviews as development opportunities and aligning the right development plans with individuals career goals and objectives. We go on to look at the role of reviews in succession planning in your business and how it can highlight training and development requirements.

Finally we look at the feedback you receive as a business owner or manager in review meetings, and how taking this feedback and information to create positive change in your business plays a role in improving retention.

As always, I’d love you to join us inside our free Facebook Group, HR Support for Australian Businesses, so I can learn more about what’s working for you and any challenges you might be having.

Join Here.

https://www.facebook.com/groups/hrsupportaustralia

Hello and welcome to Episode 238 of The People Powered Business Podcast.

Today we are continuing the conversation we started last week on performance reviews, but today we are focusing on timing – and looking at how often you should be doing performance reviews.

We start today's episode by discussing how the regularity of reviews impacts engagement and productivity. I shared some statistics and data to help demonstrate this including:

An article from Cultureamp that found that “companies that conduct effective performance reviews are 30% more likely to meet their financial goals”.

Research from Gallup that found that “80% of employees who have received meaningful feedback in the last week are fully engaged”

And finally an article from Smartcompany referencing Gallup research that showed that conducting performance reviews boosts productivity by 56%!

We then looked out how to choose the right cadence and timing cycle for reviews in your business. The thing is, there is no one-size-fits-all approach to performance reviews, factors like your business size, industry, and team dynamics will all impact and dictate the cadence.

Finally we discussed whether you can do reviews too often, and what review fatigue looks like.

As always, I’d love you to join us inside our free Facebook Group, HR Support for Australian Businesses, so I can learn more about what’s working for you and any challenges you might be having.

Join Here.

https://www.facebook.com/groups/hrsupportaustralia

Hello and welcome to Episode 237 of The People Powered Business Podcast.

Today we are tackling a topic that I know many business owners struggle with, and that is conducting effective performance reviews.

Maybe you can relate. Perhaps you’ve found that your reviews aren’t very meaningful, or that you want it to be consistent – but time constraints get in the way. Maybe you aren’t sure what questions to ask, or you have managers in your business that need training on how to do them. Like many people you may be worried about how to do reviews that don’t result in a pay rise request, or you aren’t sure how to give specific feedback. Let’s face it, we know reviews can be anxiety provoking for everyone involved.

So today I am going to share with you why reviews are so important, the 5 most common mistakes I see business owners make when it comes to conducting reviews, and I’m encouraging you to take one action step towards implementing or improving your reviews.

As always, I’d love you to join us inside our free Facebook Group, HR Support for Australian Businesses, so I can learn more about what’s working for you and any challenges you might be having.

Join Here.

https://www.facebook.com/groups/hrsupportaustralia