Employee appraisals - bureaucracy or contribution to the company's success?

At the end of the year, employee appraisals are due in many companies - a process that still raises questions for some managers:

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Why so formal? Why so much time for each individual when the day-to-day business continues and also takes up resources?

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The answer is clear: at a time when staff retention and motivation are increasingly crucial to the success of our customers' businesses, employee appraisals are far more than just a mandatory appointment. They are a strategic tool for sustainable cooperation and a central instrument of personnel development.

The most important effects of employee appraisals:

• Feedback and transparency
  ‍Employeesreceive clear feedback on their performance and can contribute their own views. This can strengthen employee satisfaction and a culture of trust.

• Define goals
  ‍Realistic, measurable goals are set together- an important basis for motivation and performance assessment in the following year.

• Promoting development
  ‍Discussionsoffer scope for further training, career planning and individual development - crucial for long-term employee retention and successful talent management and for safeguarding skills within a company.

• Strengthen relationships
  ‍Opencommunication improves collaboration and the working atmosphere, which can have a positive impact on productivity.

• Employee retention
  ‍Appreciationand prospects increase loyalty, reduce staff turnover and secure expertise.

Conclusion

Regular employee appraisals are an investment in the future - for the individual and the company. They create clarity, promote potential and contribute to a positive corporate culture.  

At finitia, we support companies in organizing employee appraisals efficiently and effectively. From preparation and evaluation to support during the interview - we are at your managers' side as a competent partner. Because targeted and individual development of personnel not only benefits employees, but also enables our clients to secure their core competencies in the long term and thus positively influence the company's success.