Editor’s Note: After five plus years, Weekly Wrap is changing to The Last Word because, well, it’s TLNT’s last word on what’s happening this week in HR and talent management.
It’s pretty damn easy to bash performance reviews.
As The New Yorker noted in an article this past summer,
Few institutional practices are as old, or have been hated as long, as the performance review.”
Last year, The Washington Post published the results of a survey research by psychologists at Kansas State University, Eastern Kentucky University and Texas A&M University into employee evaluations, and the somewhat tongue-in-cheek headline on The Post story pretty much tells it all:
Study Finds That Basically Every Single Person Hates Performance Reviews.
I have long made the case, based on years of writing and giving performance reviews, that the employee evaluation process in most organization’s is flawed and broken, but I’m not going to go down that road here, especially because there are other voices — like frequent TLNT contributor and Success Factors/SAP Vice President Steve Hunt — who make a great case for simply improving the review process.
So, please consider this performance review data from a new survey by TriNet — they provide HR services for small and midsize businesses, including TLNT’s parent company, ERE Media — as simply a snapshot in time about a long-standing talent management process.
The survey, according to a Tri-Net press release, “Reveals the negative impacts of traditional performance reviews on working Millennials. While performance reviews are widely accepted, the survey confirms that companies need to radically change their process for sharing feedback in order to retain top talent and stay competitive in today’s job market, especially with the younger workforce.”
Here are some of the key findings, and they aren’t pretty:
These aren’t good numbers if you are a manager who manages Millennials, and given that Gen Y is now the largest generation in the workforce, that means that just about every manager needs to be concerned.
But wait, there’s more to the survey —
Cursing and crying over performance reviews? Are they really that bad? For Millennials, they are indeed.
The TriNet survey also notes that, “As a better option, nearly nine out of 10 (85 percent) would feel more confident in their current position if they could have more frequent performance conversations with their manager.”
I say “amen” to that, because the one upside to all the dissing of performance reviews is that the biggest problem is that they are simply not as frequent as they need to be and that employees both want and need regular, consistent feedback on their performance — hopefully in the form of an ongoing conversation with their manager.
Of course, that requires managers to get off their ass and focus on talking a lot more with their staffs, but as they say, that’s another post for another day.
The TriNet Perform Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 U.S. fulltime employees born after 1980 between Sept. 4 –15, 2015, using an email invitation and an online survey. This survey has a margin of error of +/- 3.1 percentage points.
Of course, there’s more than Millennials bashing performance reviews going on this week. Here are some HR and workplace-related items you may have missed. This is TLNT’s weekly wrap-up of news, trends, and insights from the world of talent management. I do it so you don’t have to.