Abolish Annual Reviews - MyObjectives | MyObjectives

Abolish Annual Reviews

The clock is ticking down on the fourth quarter of the year. Can you readily recall the major wins for your business? Do you know how your employees contributed to the success?

Will you be able to use the victories of 2017 to kick-start an even-better 2018?

The traditional annual reviews aren’t going to help much. Two numbers tell that sad story: 26 and 29.

A recent Gallup survey showed that only 26% of employees strongly agree that their annual reviews are accurate, and just 29% believe they’re fair.

Not accurate. Not fair.
These employee beliefs can sink your business.

At the same time, it’s hard to fault business owners or managers tasked with the impossible task of summing up an employee’s entire year in one performance review. Who can remember what precisely happened several months ago, or, worse, a year ago? And chances are the business has gone through many changes since the year started.

Make it real

We take the opposite approach of annual reviews, which can frequently stretch out longer than 365 days after weaving through various HR processes. Real-time feedback is an underpinning of MyObjectives. Teams collaboratively build scorecards, usually every quarter, to adapt to the current business environment. Status reports are entered multiple times a week, alerting teammates to changes and giving business owners a clear look at their business health. Conversations are sparked by these daily updates.

Keep it hot

Employee engagement across the U.S. continues to languish, the latest Gallup figure at 33%. This isn’t the case with the customers that use MyObjectives. Our app, available on desktop and mobile, digitally documents every day how employees are contributing to the overall success of the business. Business owners see everyone’s contributions on their dashboards. Employees watch their team score rise in real time as they complete objectives. They earn badges for their work, and the scorecard creates daily dialog around solving problems, creating solutions, and driving the business to the next great thing.
This keeps things hot.

Try something new

So, if you’re pausing for a minute to recall the remarkable things your business did this year, or who made it happen, try something new in the new year. Bring those foggy memories into real-time clarity with MyObjectives.
We can show you how.

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