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What Are the 5 Key Performance Indicators?Revenue growth.Revenue per client.Profit margin.Client retention rate.Customer satisfaction.
What to say in a performance reviewTalk about your achievements.Discuss ways to improve.Mention skills you've developed.Ask about company development.Provide feedback on tools and equipment.Ask questions about future expectations.Explain your experience in the workplace.Find out how you can help.More items...?
Key performance indicators might include:Timeliness.Attention to detail.Creativity and innovation.Good time management.Ability to perform in all key areas of role.Consistency.Initiative.
A performance appraisal interview is the first stage of the performance appraisal process and involves the employee and his or her manager sitting face to face to discuss threadbare all aspects of the employee's performance and thrash out any differences in perception or evaluation.
The following FIVE STEPS need to be followed to ensure a constructive session:Start with an icebreaker.Explain the purpose of the interview.Work through the Performance Measures (agree Actual Performance, Ratings and POPs)Agree Performance Measures and Standards for the next performance period.Close on a positive note.
Examples of Great Performance Appraisal Answers to Common QuestionsWhat was your greatest accomplishment during the last review period?What was the biggest challenge you've faced?What are your long- and short-term career goals?Which goals didn't you meet, and why?Which part of your job is your favorite?More items...
Here are some key tips for effective performance appraisal.Review your past performance and focus on future success.Prepare a list of your accomplishments.Understand your strengths and weaknesses.Listen actively.Be engaged in the conversation.Be honest about problems affecting performance.More items...?
How to Evaluate an EmployeeSet Performance Standards.Set Specific Goals.Take Notes Throughout the Year.Be Prepared.Be Honest and Specific with Criticism.Don't Compare Employees.Evaluate the Performance, Not the Personality.Have a Conversation.More items...
Key performance indicators (KPIs) are measurable values that determine how effectively an individual, team or organization is achieving a business objective. Organizations use KPIs to help individuals at all levels focus their work towards achieving a common goal.
The performance appraisal process: Individual appraisals on employee performance are conducted. A one on one interview is scheduled between the manager and employee to discuss the review. Future goals should be discussed between employee and manager. A signed-off version of the performance review is archived.