The employee’s performance review is a major concern for most of the companies. Moreover, when it comes to reviewing system then most of the people think that the peer review system is the best for it which is absolutely right. But the problem is that people don’t know how to implement this system. So in this article, we will discuss everything about the peer review system.
Moreover, real-time peer reviews provide an instant continuous report of employees behaviour. This method provides a wide variety of data about employees. So through this data, we get a brief overview of company team strengths and weaknesses.
In this article, we will discuss what is the peer review system, Pros and Cons of the peer review system and how to create an effective peer review system.
What is the Peer Review System?
When we say peer review system we mainly talk about employees which are reviewed by higher authorities on the basis of their performance, weaknesses, strengths and other work-related aspects.
In past, the peer reviews system is mainly used by the writers. When they write a book, research paper or an article then that thing will be reviewed by other authors. So the work will be critiqued and some suggestions will be made. This process is known as peer review system.
But now the time is changed. Most of the businesses are following this peer review system in the workplace to improve the employee’s performance. There are some set of rules and policies that helps to decide who, what, when, where and how to conduct the peer review.
This system involves the input from team members or colleagues about the particular employee performance. There are serval approaches in which the company can implement this process. But most of the companies follow one of the given approaches.
- Simple Review: In this method, the comments are obtained from the peers about specific employee performance. Moreover, this method is straightforward and informal in its execution. This peer to peer interview can be one to one or can be in a group but the main thing is that the feedback provider information will remain anonymous.
- Inspection: This is a formal and systematic review approach. Moreover, this method will take some time and resources to implement. The main reasons to implement this method is to find the weaknesses and shortcomings of the employees.
- Team Reviews: In this method, a group or panel provides the review at the same time. The group sits together on a round table and give their views about the topic of meeting mainly about the performance of other employees.
Pros and Cons of the Peer Review System
Every system has its own advantages and disadvantages. Moreover, if you are thinking peer review system have no cons then you are wrong. However, there are very fewer disadvantages of this system as compared to its advantages.
So let’s take a look at the pros and cons of this system
Pros of this System
- It can provide a comprehensive insight into individual performance.
- This system is resource-efficient.
- A peer-review system is a strong tool for reinforcing good performance and behaviour of employees.
- This system provides feedback on which company can depend to improve the company and employees performance.
Cons of this System
- Peer reviews can be highly subjective. This is the only major problem in this system. Moreover, if the process for implementing this system is not carried out in a proper way then it will become a popularity contest instead of a reviewing system.
How to Create an Effective Peer Review System
It is very difficult to create and maintain a peer review program that drives the results. So to make this process easy we provide you with 6 steps that you should follow to create an effective peer review system.
1. Reflect on Company Core Values
You should keep an eye on the metric through which people are recognised and aligned with the company mission. For example, your company has 4 main core values which are safety, integrity, passion and fun. So your peer review system should encourage crew member to recognize each other achievements in these areas.
2. Accept New Technology
Technology is the need of today’s world. If you don’t change your self then you will never able to grow your business. So you should create a program that is intuitive, easy to use, fun, interactive, engaging, and fully mobile. Moreover, your review system should not feel like work to your employees.
3. Celebrate the Launch
Arrange a program to recognize and celebrate employees hard work. But do not forget to monitor your employees in the event. Through this method, you can not judge only the work performance of employees but it will also tell you some other information about your employees.
4. Get Everyone on Board
Leaders and managers of any company should be early adopters. Moreover, active support from the senior executive to the staff show the program is worth their time. You should make sure that not a single employee of your company should feel empowered to participate. You should always welcome positive and public feedbacks.
5. Encourage Frequently
When you see that an employee is doing a good job then don’t waste time recognize that employee immediately. Moreover, if you do this then that employee will try its best to maintain that performance. However, if you delay in recognizing your employees then your employee’s engagement and company performance will decrease.
6. Empower Manager to Track Results
Give your managers access to track the real-time report of the employees. So your manager can prepare a list of actionable ideas to improve the employees’ performance. Moreover, your managers need to set up praise when they see the workers are not getting enough.
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