Reducing Employee Turnover & Improving Productivity

Employee assessment is being done on staff members around the world, but not every manager is familiar with this practice.

What does it mean to assess your staff, and what benefits can it offer your company?

Read on to find out!

What is Employee Assessment?

Employee Assessment refers to collecting data about employees and then evaluating it based on specific objectives.

Often called performance assessment or performance review, these procedures involve tests, evaluations and (sometimes) feedback.

What Type of Employee Assessments are Available?

There are a multitude of ways to assess employees, such as:

Pre-Hire Tests

Pre-hire tests assess potential new employees to verify their hard (expertise) and soft (personality) skills before committing to hiring them.

Employers have different strategies when applying these tests; some narrow down the pool to a few candidates, and then administer the tests to them, while others ask all applicants to complete the testing.

With new technology, many employers are including links to pre-hire tests right in the online job advert, and then using software to weed out applicants based on their answers.

Performance Evaluations

Another type of employee assessment is done on existing employees to monitor their performance levels.

Traditionally, these were conducted annually, specifically for compensation and promotion reviews, when managers would go over the staff’s accomplishments to determine whether they have earned a higher title or more wages.

More recently, employers started implementing performance evaluations into everyday life at the office.

Managers work together with their sstaff to create measurable benchmarks to correct or improve the staff’s skills, behaviour or efforts, and then track that daily.

The main caveat that many employers miss when it comes to effective performance reviews is the need for succinct feedback back to the employee.

It’s not enough to observe the behaviour; the individual must know how their efforts are playing out to try and improve or be satisfied if they are on the right track.

Benefits of Employee Assessments

Less Employee Turnover

One of the benefits of employee assessments is less turnover because pre-hire tests allow employers to eliminate candidates that will not make good additions to the team.

These assessments provide good insight into the hard skills, such as acumen and ability to perform certain tasks, as well as soft skills, such as personality, drive, motivation and ethics.

Based on results from the assessments, managers can make intelligent hiring decisions to select the best candidates for their team, which will prevent them from having to terminate employment if a candidate failed to live up to their expectations.

Better Productivity

Employee appraisals promote productivity in the workplace by setting clear plans for staffers, which allow them to clearly comprehend what is expected of them.

In appraisal meetings, employers can provide help to their subordinates in the help of training or mentorship programmes to help them excel in the chosen objectives.

These efforts lead to increased productivity and profits for the company.

courtesy- MTP Tips