Conducting mid-year performance reviews gives managers the opportunity to check-in with team members in order to ensure that their objectives, project work and general day-to-day jobs are aligned with the rest of the business.
Even if your firm doesn’t have a formal system in place for conducting mid-year reviews, it is still worth taking the time to sit down and have a catch up with each of your team members.
The mid-year review meeting is a great opportunity to re-visit and refresh goals and objectives. It can also help you to ensure that your team members are fully aware of expectations and can help to prevent surprises during year-end performance appraisal conversations.
Mid-year reviews provide a good opportunity to ask team members for feedback, what is and isn’t working, as well as suggested improvements to processes and procedures across their area of the business.
In advance of a mid-year review meeting, prepare to ask questions relating to progress towards delivery of goals and objectives. It is also a good idea to seek feedback from others in order to give you the opportunity to address any issues around the team member’s performance and interactions with others. Be ready to share any positive feedback received with the team member as doing so can be a great motivator.
Help your team members to prepare themselves prior to their review, in order to make the most of the process. You could encourage your team members to view feedback as an opportunity to learn more about themselves, professionally. You can also ask them to prepare questions around key projects or areas of concern. A good manager will also remind their team members not to take feedback personally.
Finally, you should plan to discuss any firm or departmental changes, which may affect the team member’s goals and objectives for the rest of the year. Following the review, you should send a follow up email to the team member which notes the key actions/outputs from the meeting and any changes to their objectives for the rest of the year.