When companies hire new employees, they expect results. The problem is very few companies take the time to actually monitor individual performance on a regular basis. Once a year performance reviews simply aren’t enough to determine if a company’s needs are best served by specific employees. The most successful businesses know how each person on their payroll is performing monthly, if not weekly and daily. Imagine for a moment if teachers assessed and reported student performance only once a year. Parents would be in the dark about their child’s academic growth. Students wouldn’t know whether they met standards until it were possibly too late to get help. It would be tough for educators to assess their teaching methods and adjust for individual student needs if they didn’t know how their classes fared. Most of all, without regular accountability, children would have a heyday. It’s easier to slack off knowing a superior - in this case, mom and dad - wouldn’t find out.
Hence why schools today continue to use a tried-and-true tool for communication: the report card. A report card indicates how well someone is doing. It’s not an index of winning or failing, but shows progress toward achieving particular goals. Routine assessments motivate individuals and keep them responsible for their actions. Plus, most people generally want to know whether or not they’re doing a good job.
Businesses can take a cue from the education system and develop assessments that grade performance and provide feedback on a regular basis. A comprehensive quality of hire report card plays a vital role in communicating a new employee’s accomplishments and encouraging growth. By pulling together performance data into an analytics framework, companies can point to unbiased information when determining whether their hiring processes are effective.