Performance Appraisals in Entrepreneurial Cultures

Performance Appraisals in Entrepreneurial Cultures

When you work on assessing training needs for yourself or your team, start with an in-depth job performance appraisal. Whether you are in the top management team, HR or even an entrepreneur who established a Start-up, training and development are essential components of your success.

The question here is how you could perform an effective job performance appraisal that enables you to determine what skill do you or your team members need to develop.

There are several tools to perform job performance appraisals like judgment evaluations and 360 Degree appraisals. However, in start-ups and small businesses, the culture is different than the traditional corporate culture with more linear hierarchies and more informalities. The non-traditional culture requires non-traditional approach.

Start with a clear goal of the whole process and stress that this performance appraisal aims for career development and use objectives measures and avoid being judgmental or biased. And always remember that your ultimate goal is finding opportunities for improvements.

In an entrepreneurial culture, you do not need to heavily use standardized formats like forms; however, such forms might provide you with the basic structure to manage the conversations with your team. Bear in mind that we are all different learners, and when you do your training and development needs assessments you need to incorporate different tools and methods to target different learning styles.

When you assess your training and development needs or your team’s needs, think of the levels of productivity, creativity, and how everyone behaves as a part of a team (team dynamics).

In the rigid corporate world, HR professionals and managers use terms like strengths and weaknesses, try to develop your own internal language. In Corporita Academy we like to use ‘challenges’, ‘character development’ and ‘edutainments’.

Adopt a shorter appraisal cycle at the start to get to understand your skills as a leader and understand your team as well and more importantly to rapidly respond to any pressing need for training or development or to identify any potential risks that you and your team might encounter. Always keep in mind that performance appraisals and training and development needs assessments are just tools available for you to manage your business performance.

The way that you provide your feedback also matters. Consider the appraisal an opportunity to address any issues affecting the productivity and success of your business. Make the best of it by immediately suggesting or recommending solutions and tools for performance improvement.