After “No work from Home” earlier this year, Yahoo’s recent decision of “Stack Ranking” its employees has once again occupied the mind of HR leaders and pros. It is being referred to as “Yahoo’s recent HR disaster”. Many are disapproving this move and feel that it will work against employee’s advantage.
Bell curve ranking was once the most popular and preferred method of Performance Ranking among large organizations but with time it slowly lost its significance. Tough the process has its own benefits to offer to the business and organizations, among employees, it is more criticized than approved. What is the reason that employees do not approve of this performance rating system? Can this be attributed to the changing mindset of employees? What do employees today expect from the Performance rating process?
Unlike organizations, Performance appraisal process for employees isn’t about rewarding the best and punishing the rest. Here’s what employees expect from performance reviews and evaluation process:
Praise and Credit: Employees view Appraisal process as a means to highlight their past success and improvement. They expect their Manager and HR to notice their achievements (big as well as small) and praise/ reward them for their contribution to the team and organization.
Personal Development Plan: Performance appraisal for employees is an opportunity to discuss their career path and growth prospects with their employer. It’s the time they can talk about their aspiration, expectations, succession as well as problems with their Managers and HR.
Help and Support: Often employees are faced with problems at work – non-supportive Manager, team member, too much work load, trainings requirements etc which they seek to discuss and resolve. These discussions are best carried out during detailed performance review.
With employees getting more open and clear about their expectations and apprehensions regarding their job and career, it’s beneficial for organizations to design and implement policies accordingly. As it’s said, satisfied workforce is the first step to organizational success. …. What’s your opinion?