Follow Dallas Linkedin
Email Dallas Email
Business Growth
Aug 1, 2014

Create An Employee Evaluation System That Works

Sponsored Content provided by Dallas Romanowski - Managing Partner, Cornerstone Business Advisors

Over the last several months, I’ve written about the Performance Culture system we recommend to our clients at Cornerstone Business Advisors to help them increase business value, profitability and workplace satisfaction. Through experience, we’ve learned that by managing both behaviors and performance, a company can create a performance culture that consistently delivers results on all three of these.

One of the first steps we recommend is evaluate your employees, which many business owners find difficult to do. Here are a few things to think about as you get started:

  • Employees who regularly meet and exceed expectations and demonstrate behaviors consistent with core values are your star team members.
  • Employees who show the right values, but are lacking in performance, are team members with potential. If your Potentials have the necessary acumen, you should be able to coach them to become stars with more experience and developmental training.
  • Employees who are meeting performance expectations, but lack core values, are your mavericks. It will be more difficult to coach your Mavericks to become Stars than to coach your Potentials to become Stars as behaviors are engrained in an employee’s personality.
  • Employees who are failing to meet performance expectations and lack core values are not a good fit for your organization; they are called Anchors because they weigh your company down and keep you stuck in the same place.
You should spend 80 percent to 90 percent of your management time on your star employees. Identifying your star players will help you create a profile to evaluate potential new hires. Star players should not only be identified for leadership positions, but also be asked to mentor their peers. 

Rules to Remember
  • Managers often hire for experience, knowledge and connections, and usually fire because of behaviors. Behaviors should be a key part of your interview evaluation process.
  • Managers often hire quickly, but fire slowly. Recruiting should be treated like sales; always prospect for good employees. Don’t wait to the last minute to recruit new employees.
  • While it is difficult to terminate someone, your culture and productivity will improve after firing an employee who does not display your core values. In most cases, you will ask yourself, “Why didn’t I do that sooner?”






Once 2 x 2s are created for each position, managers should explain to each team member how performance and behaviors will be evaluated. Managers are also encouraged to use the 2 x 2s as part of the evaluation process when interviewing potential new hires.

It’s important to also include a job description in your 2 x 2 Employee Evaluation Matrix. The job description should include responsibilities, reporting relationships and compensation (if a formula is used to calculate bonuses and/or commissions). 

Cornerstone Business Advisors provides access to experts in business strategy, management, process and finance. The Cornerstone team includes former C-Level executives, successful entrepreneurs and advisors who offer unmatched experience in delivering advanced, custom-tailored, results-oriented solutions for business leaders. Cornerstone has worked with hundreds of companies that range from fast-growth start-ups to Fortune 500 corporations. It developed the Performance Culture System™ to help clients implement best practices and drive high performance throughout their organization. For more information, visit www.launchgrowexit.com, call 910-681-1420, or email [email protected].

Other Posts from Dallas Romanowski

Bizjournalblockad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Entrepreneurs Tap Into Answers With Givitas

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Dave sweyer 300 x 300

Entering The World Of Rental Property Investments? Here Are Some Key Terms You Need To Know.

Dave Sweyer - Sweyer Property Management
Mike stonestreet 300x300

Thinking Of Amending Your HOA Documents? Here’s How.

Mike Stonestreet - CAMS (Community Association Management Services)

Trending News

Thermo Fisher Announces It Will Buy PPD For $17.4B

Vicky Janowski - Apr 15, 2021

Molson Coors Invests In TRU Colors, Forms Partnership

Christina Haley O'Neal - Apr 14, 2021

Chef Serving Up Another New Restaurant To South Front District

Jessica Maurer - Apr 15, 2021

Taking A Closer Look At PPD, Thermo Fisher Deal

Christina Haley O'Neal - Apr 15, 2021

WSJ Reports That PPD In Talks To Sell

Vicky Janowski and Cece Nunn - Apr 14, 2021

In The Current Issue

Lewis Farms Continues The Berry Business

As many farmers in Southeastern North Carolina turned to tobacco, one local family remained true to its truck-farming roots....


Pharmaceutical Pipeline

Alcami Corp. is a Wilmington-headquartered contract development and manufacturing organization (CDMO) with expertise in drug development fro...


Pleasure Island Chamber Shaking Things Up

The Pleasure Island chamber recently announced changes to the organization....

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100