Performance Review Research

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REVIEWSNAP ANNOUNCES RECORD GROWTH IN 2009, TRIPLING ITS CLIENT BASE

ReviewSNAP, a leading supplier of Web-based performance management, announced today that 2009 was a groundbreaking year for the company with their key business initiatives and milestones that were successfully accomplished, including tripling its client base and increasing its revenue by 300 percent in just one year. The ReviewSNAP application is the industry's first online performance review system that allows small- to medium-size businesses and nonprofits access to automate and streamline their employee review system at a price point that is affordable to their budgets. Other notable achievements that defined 2009 as a successful year for ReviewSNAP include the following accomplishments

• Entered into five strategic partnerships
• Added a 360 degree feedback module bundled with its performance review module
• Increased its revenue by 300 percent
• Tripled its client base within one year

"By providing our online performance management system at a price point that allows nonprofits and small- to medium-size business owners to benefit from a paperless solution, ReviewSNAP has risen to become the recognized leader in on-demand employee reviews," said Chris Arringdale, Director of Marketing of ReviewSNAP. " Building on our successful 2009, we will be launching our compensation module as part of our bundled package and aggressively building more strategic partnerships all while continuing our top-of-line customer services."

ReviewSNAP Launches New Site Design!

As of this morning ReviewSNAP launched its new site design. The look of our application hasn't changed, but the look of our homepage and sub pages has taken on a completely different look. Check out the new look of ReviewSNAP!

The Purpose of 360 Degree Feedback

A common question that we hear is "should we use 360 degree feedback to do that or performance reviews?" Well, that depends on what you are doing. Are managers expected to conduct performance reviews on their employees? Is this an official review? Or do you want multiple raters? Is this just a benchmark and not the official review? Are you wanting to create a feedback mechanism for coaching purposes?

360 degree feedback allows you to use multiple raters such as supervisors, peers, direct reports, subordinates and external raters (clients or vendors) to leave feedback on an employee. The feedback is often used as a benchmark within the employee's development plan. In a team-focused atmosphere, 360 degree feedback surveys can be very effective. It lets the employee know how his/her team members view the effectiveness of their performance.

It is important that the feedback remain anonymous to the person who was rated. If employees are allowed to see the comments and ratings and who left them, feelings of resentment can arise along with tension among the employee and the raters.

If you plan to implement the 360 degree feedback process, make sure that you have a strong performance management system in place before doing so. 360 degree feedback and performance reviews are often used in conjunction with one another to form a powerful one-two punch for employee coaching and development.