New announcement. Learn more

News and advice to help make your business a success
Landlords TaxProperty TaxLandlords Tax ReturnsProperty AccountsProperty Tax ReturnLandlords AccountsChartered AccountantsOnline AccountantOnline BookkeepingOnline Tax ReturnsTax ReturnsYour Online AccountantYour Online BookkeeperBusinessadviceAccountingCashflowSmallbusinessTaxBusinesstipsProperty AccountantTaxplanningVATFurnished Holiday LettingsInheritance TaxPropertyProperty bookkeeperAnnual Exempt AmountCapital AllowancesCapital gains tax propertyComplianceDeductibleexpensesEmployment AllowanceFinanceFinancialmanagementHoliday Lets TaxLandlords AccountantLandlords FinancialMaking Tax DigitalMileage AllowanceMobilephonesPensionPprProperty Company TaxProperty Tax Deductible ExpensesRent a Room ReliefSmall BusinessTaxreturnTimetoPayVAT invoice60 day capital gains limitAccrualsbasisAcquisitionsAdvisoryfuelratesAIAirBnBAllowable Business ExpensesAlphabet sharesAmapAnnual Tax on Enveloped DwellingsAppealAssessmentAsset disposalAssociated CompanyAssociated Company Tax RulesBad DebtBad Debt Tax ReliefBaddebtsBadgesoftradeBeancounterBenefits in KindBreakeven PointBudgetBusiness adviceBusiness asset defermentBusiness coachBusiness ContinuityBusiness EntertainmentBusiness ExpensesBusiness RateBusiness Rates ReliefBusiness tipsBusinessgrowthBusinesstypesBuy or Lease EquipmentBuytoletCapital Allowances for CarsCapitalallowancesCar Capital AllowancesCarry Back LossesCgtChange of Tax BasisChatGPTCIS SchemeCommon TenantCompanies ExpenditureCompanies HouseCompany Account DeadlinesCompany Account FilingCompany Strike OffCompany Tax Efficient PropertyCompulsory Strike OffConstruction Industry SchemeContacthmrcContentmarketingCorporation Tax LossesCorporation Tax New RegimeCorporation Tax RatesCorporationTaxCostsCryptocurrencyDeductible Business ExpensesDepreciationDevelopmentDirectorsDirectors LoansDirectorsloansDisallowable Business ExpensesDiscoveryDisincorporationDividend allowanceDividend Allowance ReductionDividend PlanningDividendsDLADomestic Items Tax ReliefEmployee DiscountEmployee managementEmployeeOwnershipTrustEndoflifeplanningEnquiryEnterpriseResourcePlanningEntrepreneurmindsetEquityExpensesExpenses Allowed For TaxEyetestsFHLsFlippingFurnished Holiday Lets TaxGift AidGrowthhacksHelp to pay tax billsHMO Licensing FeesHMRC complaintsHoliday Lettings TaxHow to apply for a Business LoanHow to Extract ProfitHumourIhtexemptionsIllegaldividendsInheritance Tax Nil Rate BandInvestment Property TaxJoint TenantLandlord RepairsLandlords Self AssessmentLate vat registrationLBTTLeadgenerationLeadmagnetLeanbusinessmodelLetting Agent DisbursementsLetting Agent RecharresLettings ReliefLimitedcompanyLong Lets TaxLongserviceLTTMainresidencereliefMakingTaxDigitalManaged LetsManagement accountingMileage paymentMinimumwageMixedusesdltMortgage costsMortgage Interest ReliefNew propertyNewcompanycarfuelratesNewnicrulesNIC 2023 to 2024NIC savingsNon-taxableOptiontotaxvatOverlapreliefOverpayment ReliefPartnershipPartnershipbusinessesParttimePAYEPAYE by Direct DebitPenaltypointsPension Payments Tax ReliefPerformance-reviewsPeriodsofabsencePersonal financePersonalallowancePersonalguaranteesProfitProfit-and-lossProperty AllowanceProperty Development CompanyProperty IncorporationProperty Investment CompanyProperty investor accountsProperty investor tax tipsProperty LettingProperty Rental BusinessProperty TradingPropertyallowanceRecharges by Estate AgentsRegularpaymentsReimbursedexpensesRent your driveRentalRentaroomResearch & DevolopmentResidence ReliefResidential property gainsRetail stock controlRetainedprofitsRoom for rent taxSASalarySDLTSDLT changesSection 455 TaxSelective Licences LandlordsSelf AssessmentSelf-employednicSelfemployedSeperationServicechargesSimplified ExpensesSmallbizSmallbusinessratereliefSoftwareSpring BudgetStamp dutySuccessJourneyTax Allowance on DrivewaysTax AllowancesTax DeadlinesTax Filing DeadlinesTax Free ChildcareTax free incomeTax on Company VansTax positionTax ReliefTax tips for landlordsTaxbillpaymentsTaxconsequencesTaxincentivesTaxpositionTaxreliefsTaxsesTerminationpaymentsTipsTrade professionalTransfer AssetsTransfer Assets Between SpousesUnpaid RentVAT Bad Debt ReliefVAT DeadlinesVAT DisbursementsVAT PenaltiesVAT registrationVatpenaltiesVatregistrationthresholdWellbeing
TAGS

5 tips for running good performance reviews

5 tips for running good performance reviews


When times get tough, it can be easy to let some of your people processes fall away as you concentrate on the basics of the business.

Take the performance review. They can be unpopular, sucking up a lot of time and making employees and managers stressed. So why not skip them?

Because good performance reviews work. They’re an effective way to track people's progress, provide feedback, gain insight, support development, and align individual performance with company goals, which helps the business achieve results.

They just have to be done well. So here are some tips for getting the most out of your performance reviews:

  • Target the right people - Not everyone has to have full, formal reviews. Prioritise the positions that have a genuine opportunity to deliver over-and-above results.

  • Focus on the conversation - documentation provides a basic way to articulate expectations, track performance, and measure results, but it shouldn’t replace honest, 2-way communication with your people.

  • Keep it simple - structure the review around the objectives needed for success in the role, the skills needed to achieve the objectives, and a development plan that aims to improve skills, reach goals, and help with career development.

  • Get the review cycle right - align full-scope reviews to an annual cycle and schedule regular check-ins at meaningful times throughout the year.

  • Use software - Good software will help lighten the admin load and make it easier to chart and really analyse employee performance.

This article has more on these effective steps for improving your employee performance reviews.