In the age of informal ongoing feedback and peer feedback, it’s tempting to think there is no place for once-popular midyear reviews, but that’s not so — if managers and employees know how to get the most from them.
Companies traditionally use midyear reviews much like formal year-end reviews, to measure and explain employees’ progress on their goals to date. The process is designed to ensure employees are fully aware of expectations, make any needed updates to objectives or development plans, and prevent surprises at the year-end performance reviews.
“ It never hurts to remind managers and employees that midyear is a good time to discuss their goals, performance and development”
Over time, many of these reviews have turned into informal check-ins, as companies see a formal midyear process as repetitive and cumbersome. But midyear meetings, no matter how formal or informal, still have enormous potential value.
“Especially in companies where ongoing feedback has become the norm, it never hurts to remind managers and employees that midyear is a good time to discuss their goals, performance and development,” says Blakeley Hartfelder, Gartner research consultant.
Read more: Unleash the Performance Potential of Your People
Give feedback that’s actionable
For midyear feedback to be useful, it must be actionable. Therefore, managers should be sure to do the following when providing feedback:
- Give overall feedback on progress vs. specific goals and required competencies
- Recognize accomplishments to date and reinforce the path to achieving goals
- Adjust goals based on changing priorities and circumstances
- Identify priorities for the rest of the year
- Identify potential barriers to achieving stated goals
- Identify development opportunities for the employee