EOY 2017: Evaluate. Review. Reward.
Human Resources and Payroll Operations
Set specific and measurable indicators to evaluate the efficiency of your HR & Payroll operations.
Indicators should include:
Function How many payroll checks were corrected in 2017?
Adaptive How time consuming and/or difficult was it to update changes?
Controls Were employee benefits terminated/added on schedule?
Reporting How easily can management generate reports to evaluate labor costs?
Tips for conducting employee reviews:
Schedule a time in advance to meet with your employees one-on-one.
Prepare ahead of time. Consider feedback from coworkers/customers.
Meet with the employee to discuss how they performed to their stated goals.
Criticism should be made in a manner of setting development goals.
Allow your employee to speak and provide their own feedback
Businesses often give out bonuses based on:
Achievement of stated goals
Overall company’s performance
The number of years an employee has worked with the company