Can your business afford under-performing staff?
Annual Performance Review Template
Your team’s performance makes all the difference to the performance of your business. If your team are struggling to deliver, have personal issues that they are trying to deal with or are just not a good fit for your team, your business will suffer.
You must ensure your team are working to their best abilities and the only way to do this is to review their performance on a regular basis.
If you are not reviewing your team on a regular basis, the truth is it is highly likely that they are under-performing and the direct result of this is poor business performance.
Don’t under-estimate the power of completing regular performance reviews with your team. This has massive benefits for your business and you will be surprised how things change when you give your people the chance to communicate with you.
How is Your Team Performing?
Are they billing enough even to cover their wage? Do you even know?
If you cannot answer these questions, then you should be concerned. Staff wages are the biggest expense of any business and if your staff are under performing why are you employing them?
Why Performance Reviews Work
Communication is the most important factor when running a business. You already know that if you don’t communicate well with your customers they are likely to look elsewhere.
Why should it be any different for your staff? Your staff are an important piece of the business puzzle, and if you treat them poorly, then this is highly likely to be reflected to your customers and clients.
The last thing you need is your team treating your customers inappropriately, so it makes perfect sense to look after your staff and communicate with them as much as you can.
Performance reviews allow you to ‘drill down’ to the detail and investigate the reasons why your team members behave the way they do and also allow you to find out more about each individual team member.
5 Benefits to Your Business
There are many advantages of regularly completing Performance Reviews with your team. Here are 5 areas that will immediately improve if you complete performance reviews.
The majority of issues that create problems are due to communication breakdown. Improve this one aspect of any business and your profits will jump.
2. Direction and Purpose
Your team members will have a path to follow. No more aimless direction going around in circles.
Your team members will give you important feedback. This will allow you to make adjustments to your business, which will improve profit.
Your employees will be more loyal to your business. This prevents unnecessary re-hiring of staff which is costly. Your team members will feel more ‘valued’ and ‘worthwhile’.
Your business will operate more efficiently and more smoothly. Further to this your team will have clear goals, roles and job descriptions. You as a leader should be defining these principles in your business if you want the best outcomes possible to make it a success.
Use a Template and Save Time
Do you have time to think about the appropriate questions to ask? Do you have time to set up your own performance review process?
Use this performance review template and save time reviewing your team.
Take a Look at the Contents
Check out the content of this performance review template below.
What is Included?
Performance Review Template File Type
Microsoft Word .docx
Also Included Free!
Purchase the performance review template above and also receive a Employee Code of Conduct Template free. This Employee Code of Conduct Template outlines expected behavior in your business.
Do Your Employees Know ALL the Rules?
Employees need to know specifics. Do you have time to tell them the specifics? What about when a new staff member joins your team? Do you have time to repeat yourself yet again?
The solution is to use this Employee Code of Conduct. Hand it to them and make sure they read it and know it. It is a communication tool that provides your staff with the information they need.
What is Included?
Employee Code of Conduct Template File Type
Microsoft Word .docx
Easy, Quick, Efficient…..Done
Customize to suit You in Minutes
Our Master Templates are easy to use and apply. Use Microsoft Word to find and select the information that needs changing to customize it to your needs.
To assist you in customizing our Master Templates quickly and easily, all items that need customizing are highlighted in red. You can simply use the Find and Select tool in Microsoft Word (Ctrl+H) to identify all relevant items in one hit and replace instantly or simply scroll through and change the items in red.
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All the best with your business.
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