{"id":206329,"date":"2024-11-04T09:07:54","date_gmt":"2024-11-04T09:07:54","guid":{"rendered":"https:\/\/monday.com\/blog\/?p=206329"},"modified":"2024-12-25T15:24:25","modified_gmt":"2024-12-25T15:24:25","slug":"giving-an-impactful-performance-review","status":"publish","type":"post","link":"https:\/\/monday.com\/blog\/monday-insights\/giving-an-impactful-performance-review\/","title":{"rendered":"Giving an impactful performance review"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"

Q4 is in full swing, and as the end of the year approaches, it\u2019s important to already be thinking about how you\u2019ll deliver performance reviews that excite, inspire, and motivate your team in 2025…<\/p>\n","protected":false},"author":164,"featured_media":206366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"pages\/cornerstone.php","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","monday_item_id":11239311735,"monday_board_id":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13988],"tags":[],"class_list":["post-206329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-monday-insights"],"acf":{"sections":[{"acf_fc_layout":"content_1","blocks":[{"main_heading":"Workplace trends","content_block":[{"acf_fc_layout":"text","content":"

Immigrants are leading America\u2019s labor force growth<\/h3>\n

Immigrant workers are going to be the only source of labor force growth in the US in 2025, according to new research by the National Foundation for American Policy. Only 479,000 US-born workers were added to the labor force in the last five years, compared to 3.6 million foreign-born workers, meaning immigrant workers account for 88% of workforce growth since 2019. As the nation grapples with an aging population and slower overall growth, immigration is becoming increasingly vital for sustaining economic expansion. While these workers are typically working jobs in lower-paying professions, experts say that without these immigration levels, the US would struggle to maintain its customary economic growth rate.<\/p>\n

For working women in India, getting to work may be the hardest part<\/h3>\n

The brutal rape and murder of a trainee doctor in Kolkata in August starkly highlights the dangers Indian women face when commuting to work. While public spaces \u2013 from transport to city streets \u2013 have long been unsafe for Indian women, experts say this threat has become a key factor in the country\u2019s low female labor force participation. With just a 30% participation rate in 2022, according to the International Labor Organization, there\u2019s an incredibly significant gap compared to the 68% female participation rate in the US, and 72% in the UK. Economists say that this low participation of women in the workforce significantly hampers India’s economic growth potential. In fact, a new report by Bain & Co warns that the country would need 145 million women added to its workforce by 2047 if it wants to achieve a $30 trillion economy.<\/p>\n"}]},{"main_heading":"The AI corner","content_block":[{"acf_fc_layout":"text","content":"

AI could help developing countries close gaps<\/h3>\n

Google’s AI research center in Ghana is pioneering solutions tailored to poorer societies, focusing on education and healthcare. In education, for example, experts say AI could revolutionize student learning by enabling instruction in local languages, which would address the challenge of students struggling with second or third-language curricula. And in healthcare, Google AI has developed a model to analyze data from affordable, portable ultrasound equipment that can be operated by novices, which has the potential to provide prenatal scans to the 95% of African pregnant women who currently lack this service. These AI innovations, among others, could address the significant gap between developed and developing nations, paving the way for more equitable global development.<\/p>\n

The age of AI child abuse is upon us, and urgent action is needed<\/h3>\n

The recent hack of Muah.AI, a platform for creating AI girlfriends, has exposed a disturbing trend: the rise of AI-generated child exploitation material. The breach revealed numerous user prompts aimed at creating sexually exploitative images of minors, with security consultants estimating tens to hundreds of thousands of such cases. While this incident provides the most public evidence of AI’s misuse of child pornography, it’s not unprecedented. Current US law prohibits generated images of real children, but a 2002 Supreme Court ruling against a total ban on computer-generated child pornography, citing First Amendment concerns, complicates the issue. As this technology continues to advance, the legal landscape struggles to keep pace, raising urgent questions about how to combat the proliferation of easily accessible, AI-generated content.<\/p>\n"}]},{"main_heading":"Giving an impactful performance review","content_block":[{"acf_fc_layout":"text","content":"

Q4 is in full swing, and as the end of the year approaches, it\u2019s important to already be thinking about how you\u2019ll deliver performance reviews that excite, inspire, and motivate your team in 2025.<\/p>\n

These annual reviews are essential to employee career development<\/a>, but as a manager, knowing how to balance commending your team members\u2019 accomplishments with giving constructive feedback on areas to improve is no easy feat. If not delivered the right way, performance reviews can leave your team members feeling undervalued, defensive, and resentful. And if they feel assessments are unfair, 85% of employees would consider quitting their jobs, according to research by Reflektive. On the other hand, a balanced and well-executed performance discussion can boost productivity by 31%, according to research by Betterworks, and can also lead to higher engagement.<\/p>\n

With all this in mind, how can you ensure your performance reviews are well-received while laying the foundation for a strong year ahead?<\/strong><\/p>\n

Set the right framework<\/h3>\n

The best performance reviews are born out of strategy and careful planning. So try to set aside some time now to start outlining your goals for each of your team members in the upcoming year, based on their skills and responsibilities. Reflect on what went well and what didn\u2019t in 2024, and then think about how you\u2019ll mobilize each of your direct reports in specific improvement areas. Getting specific about how each team member can contribute to bigger-picture goals will help you craft a more meaningful and individualized performance review.<\/p>\n

Lead with data<\/h3>\n

When giving a performance review, it is imperative to check your biases. 68% of managers admitted that favoritism impacted their performance reviews, according to a survey by Reflektive, which is a good reason to ground your performance reviews in metrics. Reference project outcomes and team feedback to ensure that you are giving balanced and more objective feedback. Data can also help illustrate the real value of an employee\u2019s work and motivate them to drive even more impact going forward. So, as much as possible, try to incorporate real input and insights into these conversations to reinforce strengths and set benchmarks for the upcoming year.<\/p>\n

Focus on behaviors, not traits<\/h3>\n

When giving feedback about areas of improvement, focusing on an employee’s personality traits might make them feel personally attacked, or at the very least, defensive. Speaking about their behaviors, on the other hand, is far more constructive and actionable. For example, instead of saying \u201cYou\u2019re not very good at time management\u201d try addressing habits and behaviors, like, \u201cI noticed several deadlines were missed this year, and I think it would be helpful for you to create more structured timelines or to break up projects into smaller pieces.\u201d When you speak to a specific behavior, rather than a character trait, you create a more productive discussion and provide more actionable takeaways.<\/p>\n

Keep the conversation balanced<\/h3>\n

Recognize that employees and managers don\u2019t always see eye-to-eye on what makes a performance review successful. In fact, employees are 57% less likely than leaders to view performance management processes as effective, per a study by Betterworks. This is often because managers focus on defining goals and development opportunities, whereas employees want to feel listened to and understood. While aligning expectations and performance gaps is crucial to long-term success, so is making space for your team members to feel heard and valued. Encourage them to prepare their own comments and questions ahead of the performance review, and make sure to leave space for them to voice these during your conversation.<\/p>\n

Highlight strengths in a meaningful way<\/h3>\n

As a leader, it\u2019s important to see yearly reviews as an opportunity to recognize your employees\u2019 strengths and celebrate their wins because this can have a huge impact on their future performance. But meaningful recognition isn\u2019t just saying things like \u201cYou did a great job\u201d or \u201cYou\u2019re really fun to work with.\u201d Instead, try to give authentic appreciation that highlights your team members\u2019 unique strengths like, \u201cI\u2019ve noticed that whenever you work on a group project, you are always incredibly organized, which has been key to ensuring everything runs smoothly.\u201d This specificity makes your employee feel seen and can instill a deeper sense of pride in their work.<\/p>\n

Generate excitement for the future<\/h3>\n

Teams have undergone a lot of changes over the past year, including technology advancements and organizational shifts, which present interesting opportunities for your team members to assume new responsibilities and learn different skills. With 77% of employees feeling ready to adapt to new ways of working, per a report by PwC, you should use your performance reviews to discuss development opportunities \u2013 from utilizing new software to finding ways to adjust processes to help them do their jobs better.<\/p>\n

Additionally, with 90% of companies concerned about employee retention, providing learning opportunities is actually the top strategy to keep talent engaged and motivated, according to a recent LinkedIn report. Identifying areas in which employees can enhance their skills shows that you\u2019re invested in their long-term career development. So, in these annual performance conversations, try suggesting training courses or mentorship programs, and discussing potential projects they can take on to stretch their skills and talents. By focusing on continuous learning, you make work feel more meaningful and exciting, and you foster a sense of momentum that makes them excited about their future with you.<\/p>\n

To sum it up<\/h3>\n

Performance reviews require a skillful balance of appreciation and actionable guidance, but when done right, they can bolster employee performance and motivation. These sessions can also strengthen the bond between you and your team, building a strong foundation for collaboration and growth.<\/p>\n"}]},{"main_heading":"Water cooler chatter","content_block":[{"acf_fc_layout":"text","content":"

Italy has criminalized citizens who go abroad to have children through surrogacy.<\/strong> Though the ban applies equally to all couples, same-sex parents are hit particularly hard in a country where only heterosexual couples are allowed to adopt.<\/p>\n"},{"acf_fc_layout":"quote","quote_text":"When protectionism prevails, a social phenomenon is not erased, it is simply relegated to a dark area, which the law doesn't reach.","quote_author":"Riccardo Magi, Opposition Lawmaker","quote_author_avatar":false,"quote_author_position":""},{"acf_fc_layout":"text","content":"

A US startup is testing embryos’ IQs.<\/strong> Having worked with over a dozen IVF couples, Heliospect Genomics claims their methods can identify embryos with higher potential intelligence. The company further asserts it can boost IQ by more than 6 points through embryo selection. However, this venture into genetic enhancement for intelligence raises a tidal wave of ethical concerns, including issues of equity, consent, and the societal implications of “designer babies”.<\/p>\n"},{"acf_fc_layout":"quote","quote_text":"One of the biggest problems is that it normalizes this idea of \u2018superior\u2019 and \u2018inferior\u2019 genetics.","quote_author":"Katie Hasson, Associate Director of the Center for Genetics and Society","quote_author_avatar":false,"quote_author_position":""}]},{"main_heading":"Question of the week","content_block":[{"acf_fc_layout":"text","content":"

Last week\u2019s answer:<\/strong> 50%<\/p>\n

This week\u2019s question:<\/strong> What is the most common day for employees to call in sick?<\/p>\n"}]},{"main_heading":"Just for laughs","content_block":[{"acf_fc_layout":"image","image_type":"normal","image":206359,"image_link":null}]}]}],"lobby_image":false,"post_thumbnail_title":"","hide_post_info":false,"hide_bottom_cta":false,"hide_from_blog":false,"landing_page_layout":false,"hide_time_to_read":false,"sidebar_color_banner":"","custom_tags":false,"disclaimer":"","cornerstone_hero_cta_override":{"label":"","url":""},"cluster":"","display_dates":"published","post_date":"20241029","faqs":false,"activate_cta_banner":true,"cta_banner_text":"

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