Name: Understanding Performance Review Ratings
Uploaded: 2022-07-29
Duration: 1 min 25 s
Description: The end goal of a performance review is to assign every employee a rating, which is like a grade in school

Understanding Performance Review Ratings

- The end goal of a performance review is to assign every employee a rating, which is like a grade in school.
- Know what ratings are good
  - What's average?
  - What puts you in the "danger zone" or on a formal performance improvement plan (PIP)?
  - Which rating is great?
- Understand which rating is necessary for promotion

The end goal of a performance review is to assign every employee a rating, which is like a grade in school

A performance improvement plan, also known as a PIP, provides an employee with low performance an opportunity to improve their performance by following an actionable plan.

A performance improvement plan is a process between a company and an under-performing employee to help increase the productivity of an employee

A good performance improvement plan has actionable steps for an employee to demonstrate that they can perform to expectations.

A performance improvement plan outlines clear goals to raise an employee’s work up to expectations

This is an absolutely vital process for any employee in tech to understand, especially in a world of stack-ranking and layoffs.