Feedback: Regular, meaningful and timely feedback clarifies expectations and provides actionable guidance. Consistent feedback leads to increased motivation and higher performance overall.
Talent identification: Performance reviews help identify high-potential employees early, enabling targeted development opportunities. This ensures a strong pipeline of homegrown talent for future leadership roles.
Employee value: Recognizing achievements and providing growth opportunities boost satisfaction, engagement, and retention. Valued employees are more likely to contribute to increased company success.
Fairness culture: Well-documented performance reviews promote a fair and transparent culture, encouraging accountability and equal treatment within the organization.
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