Before you groan at the thought of sitting down with each employee for the dreaded “annual chat,” let’s reframe what a performance review can actually do for you. When done right, these reviews become a powerful tool for business growth.

Open communication is the foundation of a truly engaged workforce. It builds trust, reduces turnover (because nobody wants to leave a company where they feel valued!), and amps up productivity (fewer misunderstandings mean more work gets done, which means everyone can leave on time for that hot yoga class). Think of it as an investment – a little communication now saves you a lot of headaches (and PowerPoint presentations) down the line.