Employee disengagement leads to significant losses for S&P 500 companies, between $228 million and $355 million annually. To combat this issue, organizations should not focus solely on hours worked; instead, the emphasis should be on actual results. Implementing performance review templates is crucial in this effort, as they help track individual productivity effectively. The article discusses the importance of structured 90-day review templates, such as the ClickUp 30-60-90 Day Plan Template, to streamline onboarding and performance assessments.
Employee disengagement and attrition can cost an average-sized S&P 500 company between $228 million and $355 million annually in lost productivity.
Instead of focusing on 'time worked,' it's time to shift toward actual results, which is critical for employee retention and profitability.
The ClickUp 30-60-90 Day Plan Template breaks the onboarding and review process into clear checkpoints, helping new team members track their tasks and goals.
Monitoring employee performance and providing timely support is essential for retention, showing that knowing individual contributions aligns with overall business goals.
#employee-engagement #performance-tracking #productivity-losses #retention-strategies #90-day-review-templates
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