15Five Launches Best-Self Review: New Forward-looking Employee Performance Software that Replaces the Dreaded Annual Performance Review
San Francisco – November 28, 2017 – 15Five, the performance management platform, today announced a new quarterly performance review feature, the Best-Self Review, designed to replace the dreaded annual employee evaluation. This research-backed performance management software facilitates quarterly or biannual performance check-ins where employees and their manager reflect on progress over the previous quarter, and work together to map each employee’s career trajectory and development path.
Estimates of one-third of U.S. companies have abandoned the traditional annual performance appraisal process for frequent and informal check-ins between managers and employees, according to the Harvard Business Review. Five years ago 15Five pioneered the use of technology to facilitate the informal weekly check-in that over 1,200 forward-thinking companies, such as HubSpot, Citrix, Warby Parker, LinkedIn and Indeed have been flocking to. However, the weekly check-in is only part of the solution. The Best-Self Review fills the gap between infrequent and ineffective annual employee reviews and tactical weekly check-ins, by creating a quarterly cycle of reflection and intention setting.
Through a lightweight weekly check-in, 15Five delivers continuous employee feedback, objective (OKR) tracking, peer recognition, one-on-one meeting agendas, and now, performance reviews that can be held quarterly or biannually. With the addition of the Best-Self Review, 15Five’s performance management solution shifts the performance review context for employees from one where they are judged and graded, to being supported on their journey of continued growth and success.
The Best-Self Review uses research-backed question templates and aggregates an employee’s weekly wins, challenges, recognition and progress on key objectives into a central place for an accurate and objective view of employee performance. Using the Best-Self Review Dashboard, HR can easily view the progress of all reviews, drill-down into completed ones and nudge employees to finish. They have complete visibility and control of the company-wide performance review cycle, from start to finish.
“It’s been a long-time vision of ours to reinvent the performance review,” said David Hassell, founder and CEO of 15Five. “It’s clear now that the old model of lengthy reviews are not only inadequate, but in many cases are detrimental to employees and the companies they work at. With the addition of the Best-Self Review, 15Five’s solution helps companies maximize their talent by creating a culture of feedback that taps into the individual strengths, passion and creativity of their workforce.”
The Best-Self Review empowers managers and HR teams to do the following:
- Capture the full picture of employee performance with an evidence-based view of an employee’s wins, challenges, peer recognition and progress on key objectives.
- Access research-backed question templates based on positive psychology and the growth mindset, designed to cultivate employee engagement and development.
- Easily manage and customize performance review cycles, including when they are due and setting automated emails and reminders.
- Reduce admin time with the Best-Self Review Dashboard, which allows HR to manage and track the employee performance review process.
- Inform future pay conversations with the Private Manager Assessment that incorporates five future-focused questions on promotion readiness and eligibility for the separate compensation discussion.
15Five is a fundamentally new way for businesses to unlock the potential of their entire workforce. Through a lightweight weekly check-in, 15Five delivers everything a manager needs to impact employee engagement and performance, including continuous feedback, objective (OKR) tracking, peer recognition, 1-on-1s, and reviews. Over 1,200 forward-thinking companies on lists like Best Places to Work and INC. 5000 use 15Five to scale their work culture and bring out the best in their people.