Performance reports serve as powerful tools for businesses to evaluate and enhance their employees' efficiency, productivity, and overall contributions. They aid in creating a transparent culture that encourages continuous learning, feedback, and improvement. Everperform's performance reports feature elevates this process by offering a quick, easy, and comprehensive method to create and share these critical assessments.
This article delves into what a performance report is and introduces the four types of performance reports available in Everperform: Snapshot, Self-review, 360 Review, and 360 Review Summary.
What is a Performance Report?
A performance report is a systematic evaluation that provides insights into your performance based on specific criteria. These could include the achievement of set targets, compliance with standard processes, quality of work, and overall contribution to organisational goals.
Performance reports play a vital role in informing you about your strengths and areas for improvement. They also help managers identify training needs, potential promotions, or even warning signs of underperformance.
Types of Performance Reports in Everperform
Everperform offers four types of performance reports, each designed to provide a different perspective and level of detail on performance:
Snapshot Report: This report gives a high-level overview of an employee's performance. It includes the overall score, compliance score, and progress on measures, KPIs, and goals. It identifies the highest and lowest factors, highlighting what went well and areas needing attention. Snapshot Reports offer a quick view of performance and are less detailed than other report types.
Self-review Report: A more detailed variant, the Self-review report includes all the components of the Snapshot report but with added depth. It provides a detailed breakdown with top shifters (positive and negative movers) as well as trendline charts and variances of the score for a given period. The Self-review report enables an individual to critically evaluate their performance over time.
360 Review: This is a comprehensive performance evaluation method that incorporates feedback from a range of sources. These may include peers, subordinates, supervisors, and sometimes customers or external stakeholders. By offering a more holistic view of an individual's performance, a 360-degree Review provides a nuanced perspective on an individual's skills, competencies, and behaviours. The 360 Review report provides self-score, reviewer score, overall variance, scores (self vs. reviewer), and score distributions.
360 Review Summary: This report provides a more holistic view of performance whereby the results are shown as words instead of numbers. This report collates all pulse data for a given period, along with observations, measures, and goals. Like the 360 Review, it offers a comprehensive perspective but is summarised into a more digestible format.
The capability to generate individual reports for any number of people in your organisation simultaneously makes Everperform's performance reports a significant asset for any business. By understanding and utilising these different reports, you can encourage a culture of continuous learning and improvement, driving your organisation's overall performance and success.