Updates to 2024 Federal Taxes
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Are your employee reviews more monotonous and unproductive than fruitful? Read this list to find five tips to make them more effective.
Employee reviews.
Lengthy. Monotonous. Overly structured.
If that’s what you envision when thinking of the review process, stop. It doesn’t have to be that way. In fact, there is a far more productive route, resulting in happier, more informed and more motivated workers. Here are five tips to maximize the entire process.
Despite being called a “review”, said time shouldn’t be completely devoted to analyzing the employee’s performance to date. While integral, it's more beneficial to spend time setting benchmarks, goals and initiatives for moving forward.
Many employers only conduct annual reviews at the end of the year. For various reasons, this is highly ineffective. Come December, you’ve already spent an entire year without measuring an employee's efforts to reach his or her objectives. An employee could potentially be failing for several months without knowing. Not only that, the end of the year can bring stress, and no one is immune. Consider holding a midyear review in addition to any other reviews.
Reviews are employees' chances to improve. In many ways, this will require them to listen to your feedback. Avoid the review transitioning into a lecture by listening to their input too.
Reviews are often overly rigid and formal. A key benefit of having reviews is building connections with team members. Take a few minutes before beginning to have a genuine conversation about current events or shared interests. This will help to break down the defensive wall that many employees harbor.
Always be sure to end on a high note. If a review primarily praise, don't drain all of it and close with areas for improvement. Save a positive point or two for last. If a review is heavier on constructive criticism, it's even more important not to discourage your employee by finishing the conversation optimistically.
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
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New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.