Periodic Reviews Vs. Continuous Feedback, What's your way?
Enterprise or medium-sized brands can incorporate performance reviews. It will work as an extensive data pool for HRs monitoring compensation and succession planning. Industries requiring high-level accountability can profit from implementing a formal structure like a performance review. It allows employees to be more responsible and take full responsibility for their performance, thereby making performance management their priority.
Whereas continuous feedback is beneficial irrespective of the organization’s size. Informal and regular feedback is appreciated by employees more openly than formal criticism that’s tied to compensation. This creates a culture focusing more on elevating employees’ growth rather than pressuring them to meet their goals. Both managers and employees can adopt feedback as a framework. Employees also get to give feedback to their managers, peers, and the org… Read more