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a performance appraisal or evaluation as it is sometimes called is a review by a manager where the employees work performance is evaluated and strengths and weaknesses are identified so that the employee knows where improvement is needed over the years there have been some new types of reviews that are being met with success in today's business world these require that evaluations be done not only for raises promotions or bonuses but for an employee's growth and development these include management by objectives review this method often called MBO measures the employees accomplishments against a clearly established set of objectives if managers and employees begin the year by working together to list these objectives the end of your appraisal can simply compare each goal with its final outcome this method is simple clear and empowers employees in the goal-setting process but it disregards non goal related success metrics rating scale is probably the most common review type using this method a supervisor rates an employee on a numerical scale for defined set of behaviors traits competencies or completed projects this method gains points for simplicity and functionality but it only works well if both managers and employees share the same understanding of each point on the scale the 360 degree feedback review is a new kind of performance review it incorporates data from peers supervisors and even outside parties like customers and suppliers this broad feedback can provide a multi dimensional picture performance that can cancel the influence of bias the goal is to paint an accurate picture of employees strengths and weaknesses gathering feedback from multiple sources is a great way to ensure employees are rated fairly and accurately no matter which type of performance evaluation used remember the goal is to foster communication between managers and employees to make your performance reviews as productive as possible try the following steps be prepared lead with the positive don't be confrontational keep it simple be consistent may get a 2-way conversation address what's important to the employee discuss work and life balance be a good listener give feedback regularly to download the review templates mentioned in this video as well as a guide on how to conduct the actual performance review visit us at turnkey comm subscribe to our YouTube channel to sample our how-to video library or visit us at turnkey comm to download your free gift