How to Link Performance Reviews to Your Upskilling and Reskilling Initiatives
Are your performance reviews and development initiatives siloed? It's time to integrate these processes to close skills gaps, drive employee growth, and ensure a future-fit workforce.
INCREASING SKILLS IN A CURRENT ROLE
If your employee is newer to the company or their role, a performance review can be a great time to continue setting them up for success or combat struggles.
If employees are having a hard time seeing the value of upskilling to improve in their current role, they may be more resistant. Discussing ways to upskill during a performance review can make the meaning of it much more straightforward.
Establishing a learning culture in your company by using performance reviews as a jumping-off point will make your employees feel cared for and engaged. And, while it isn’t a certainty, a person who masters a current role usually feels prepared when another option presents itself.
REACHING THE NEXT LEVEL
According to SHRM, internal mobility has increased 20% as a result of COVID-19.
That’s not to say that those who have the potential to rise into a new role will be ready right away. But there’s no better time to talk about what an employee needs to do to get a promotion than performance reviews.
ILLUMINATING POSSIBLE CAREER PATHS
A performance review is an excellent time to review an employee’s options for their next career move. Ensure you discuss growth opportunities for employees within their current department or team and within other departments.
Employees value having options for internal mobility, and internal hiring also has positive effects on employee tenure. According to LinkedIn, employee tenure is 41% longer at companies with high internal hiring than those with lower internal hiring.
HIRE WITH GROWTH IN MIND
Of course, internal mobility isn't always possible. For certain roles, you may need to hire from outside. When looking for candidates, you may not be able to find someone that checks 100% of the boxes. Sure, it would be wonderful to find that person. But in a world where talent shortages are a constant reality, human resources professionals need to consider an employee's long-term growth potential.
Use interviews as a time to gauge upskilling interest from candidates, so they have growth opportunities from day one. This also signals to job candidates that you value their career progression.
CONTINUOUS FEEDBACK FOR MAXIMUM PROGRESS
If you would like to fast-track the overall learning rate in your workplace community, consider implementing a system capable of 360-feedback. 360-feedback results in increased performance through stronger engagement, an improved workplace culture, and better analytics. Plus, you don’t have to wait until an arbitrary date to start accessing skills and areas of lack.
Are you looking for tips on how to improve your performance reviews? Check out our recent white paper: "Improving Performance Reviews."