Performance reviews play an important role in the growth and development of accounting team members. Having an established performance review system helps firms maintain professional standards and encourage employees to work toward their career goals. This can lead to greater job satisfaction and, ultimately, reduced turnover. This blog covers the benefits of performance reviews in […]
Nearly three-quarters of Millennial and Gen Z employees (born between 1981 and 2012) believe they can build better skills by changing jobs rather than staying at their current organization. Considering these generations make up more than 42% of the U.S. population and nearly 40% of the global workforce, organizations that provide opportunities for continuous improvement […]
Many people associate workplace one-on-one meetings with criticism from managers and grievances from employees. This may be true in some organizations, but smart companies use regularly scheduled one-on-ones to build trust and rapport between management and employees. With workforce management systems automating many office operations, it’s more important than ever for managers to schedule time […]
Every business needs up-to-date insight into how the workforce performs, what contributes to the bottom line, and what it costs. There are many ways to measure workforce performance. The most effective way is to predict future trends based on historical data. While there are many critical metrics, we’ve chosen five critical metrics for tracking the […]
Many organizations spend a significant amount of time and money on annual raises and performance reviews without seeing a clear return on investment. Team members often feel they are unfairly evaluated rather than viewing a performance review as an opportunity for improvement. On the other hand, team leaders frequently complain that the review process consumes […]
Since mid-level managers and team leaders can have a significant impact on workplace culture, they need to recognize and avoid behaviors that can undermine employee morale, decrease team member engagement, and contribute to team member turnover. Most managers don’t do this on purpose. Lack of experience and inadequate leadership training can lead to bad habits […]
Performance reviews are an essential part of organizational and individual productivity, focused on a review of team member performance. When properly given, they can boost communication, engagement, and productivity. When mistakes are made, the negative impact can lead to a team member becoming disconnected and looking for work elsewhere. Conducting team member reviews is one […]