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Transcript of The Definitive Guide to Performance Managment … › sites › hr › files › imce ›...

women

heardvery well

not heardvery well

This research was generated by BambooHR and collected responses via an online survey from 1,933 professionals over the age of 21 who are currently employed by companies of more than 50 employees.

11% 9% 4% 4%

24% 32% 42% 46%

21-29age age

30-44

men

HR contributorsmanagers

age45-54

age55-65

More millennials admit to being tough on coworkers to make themselves look better than any other age group

Older generations are less trusting of their organizations to keep feedback confidential

Many younger employees say they o�en or always see changes as a result of the feedback they o�er

Women o�en feel less heard during formal performance reviews

Men may see changes come from their feedback more o�en than women

70%

55%66%

52%

Nearly half of employees 55-65 years old prefer recognition in the form of monetary rewardsWhile monetary rewards

remain the top preference, 1 of every 5 millennials would prefer recognition in the form of public praise

More women than men feel their performance reviews don’t accurately reflect their value to the company

sometimes, rarely, or never see changes

see manychanges often

Both men and women ranked open, informal conversations as the best way

to motivate and engage employees

73%

53%Women are

much less confident than men that their

feedback will remain confidential

18% 26%

When it comes to HR professionals, a “thank you” beat out monetary rewards as the top preferred form of recognition

47%41%26%

36%

While both HR and managers tend to feel performance reviews are very valuable, only a third of contributors agree

While bonuses and raises remain the preferred form of reward and recognition, 25 percent of contributors would be happy with a simple “thank you”

Only 38 percent of contributors are comfortable being honest with their feedback

70%

58%

34%

heardvery well

not heardvery well

Many contributors feel less heard in performance reviews than those in management and HR

65% 52% 38%

25%

The majority of employees prefer to receive feedback either as projects are completed or during informal check-ins with their managers

Most employees feel they remain unbiased toward others and honest about their own performance during performance reviews

While traditional performance reviews may be flawed, employees agree that using some type of performance management system is important