Why Companies Need To Start Taking Employee Assessment Seriously?

"Recognizing your Employee's Efforts is Like Opening A New World Of Joy That No One Has Ever Unlocked."

Employee Assessment - Why Is It Important?

Companies, where employees are given regular feedback, have a 14.9% lesser turnover as compared to the companies with no effective feedback mechanism in place. Leadership assessment along with the team assessment is an important component of any company’s HR activity.

Constructive feedback has the potential to improve the overall performance of the employees as it gives them a chance to improve as they go in their job and leaves room for fixing their wrongs before the upcoming appraisal cycle Talent Mapping.

It is very simple to understand. Imagine yourself being an employee who has been doing all the right things but every year when it comes to ratings, he doesn’t get what he thought he would. This breeds frustration which leads to poor performance and ultimately termination or resignation. So what was the employee doing wrong? The answer is nothing. He doesn’t know what he needs to do to improve his performance and so helpless, he is trying everything he could. Constructive feedback can help give such employees direction and thus instills a feeling of loyalty in them too.

Why Assessment Is Important?

Performance Management

Employee assessment is a proactive approach to manage the performance of your employees. It also helps you to identify the gap in the skills of your employees and gives you time to plan a well-planned employee training programs. Assessments are a great way to equip the employees with actionable inputs so they can work in tandem with their managers and create a growth culture in the company. A regular assessment program improves the overall performance of the employees and helps them have a clear picture of their future career growth.

Long-Term Growth Plans Of The Organization

Assessment plays an important role in the whole planning process for the long-term growth of an organization. The idea is to assess your resources before you start to plan your growth. This will give you a realistic picture and will help you set achievable goals for your company. In other words, it is an exercise in identifying whether the organization has the required resources in order to collectively grow to the next level thus making this whole process less about the individual’s performance and more about how it can help the individual to perform better.

Help Strengthen Team Bonds

This helps align team performance in sync with the organizational goals ensuring that every team is working towards achieving a common goal. The individual role is therefore assessed in the light of a wider team and constructive ways are explored to meet the benchmark for team effectiveness.

Resolve Grievances In Real Time

No assessment is one way. Having a feedback mechanism opens a constructive channel of communication where the employee’s grievances can be heard and addressed in a timely manner before it festers into a bigger problem. Speedy conflict resolution boosts employee morale, performance, and productivity.

Delinking From Compensation

Traditionally, monetary rewards were considered as the only parameter for better performance but that is changing rapidly. Today, employees prioritize rewards over professional development. In an increasingly fast-paced work environment, the organization needs to stay relevant for its employees too otherwise they would look for an outside opportunity and leave the organization.