--- title: "Management 101: How to use Performance Reviews to Boost Your Profits" description: Performance reviews are essential hr solutions. They help you to keep overhead costs as low as possible. image: https://www.vantigeinc.com/hs-fs/file-18414308-jpg/images/perf_review-resized-600.jpg --- [Call Toll Free: (844) VANTIGE](tel:1-844-826-8443) [VantigePoint Login](https://app.uzio.com/employer/loginPage) [![logo-vantige](https://www.vantigeinc.com/hs-fs/hubfs/logo-vantige.png?length=300&name=logo-vantige.png "logo-vantige") ](https://www.vantigeinc.com/) [![Let's Talk](https://no-cache.hubspot.com/cta/default/168341/4b9d0eac-e2f4-421a-af52-35696482ab9a.png)](https://cta-redirect.hubspot.com/cta/redirect/168341/4b9d0eac-e2f4-421a-af52-35696482ab9a) [![Let's Talk](https://no-cache.hubspot.com/cta/default/168341/4b9d0eac-e2f4-421a-af52-35696482ab9a.png)](https://cta-redirect.hubspot.com/cta/redirect/168341/4b9d0eac-e2f4-421a-af52-35696482ab9a) [mailto:?subject=Check%20out%20https://www.vantigeinc.com/blog/bid/228623/Management-101-How-to-use-Performance-Reviews-to-Boost-Your-Profits](mailto:?subject=Check%20out%20https://www.vantigeinc.com/blog/bid/228623/Management-101-How-to-use-Performance-Reviews-to-Boost-Your-Profits) October 2, 2012 # Management 101: How to use Performance Reviews to Boost Your Profits Written by: [Timothy Carrington](https://www.vantigeinc.com/blog/author/timothy-carrington) In many Companies, performance feedback is pretty rare or inconsistent; neither is good.  Managers may even avoid confronting employee performance problems for reasons like… - Assuming that employees know the expectations, and they are willfully not meeting the standard (poor attitude). - No expectation of support from top management. - No knowledge of standard expectations. - No standard expectations to manage to. Any reason given for not addressing sub-par performance *quickly* is not a good reason.  Performance problems cost real money, otherwise known as![hr solutions](https://www.vantigeinc.com/hs-fs/file-18414308-jpg/images/perf_review-resized-600.jpg?width=166&height=110&name=perf_review-resized-600.jpg) avoidable losses.  Overstaffing, excess overtime, higher turnover, production errors and rework are some symptoms of deficient performance feedback.  Because written performance reviews are also part of the (should-be) ongoing documentation process, long-term costs can include high unemployment compensation rates, legal fees, fines, penalties and other hr problems. Here are a few tips to keep in mind when it comes to performance reviews: 1. Get the employees to buy into their performance goals.  Since they do the job on the regular, your employees should have great improvement ideas.  Ask them how they think they should be measured, and use at least some part of their feedback.  This will get you buy-in, extra effort and more profits. 2. Explain how the employees’ goals are relevant to the Company’s success.  If they see the connection, they will trust you more for giving them meaningful work.  Trust is a key factor in reducing turnover, a clear drain on profitability. 3. Employees tend to assume things are fine unless you tell them otherwise.  No news may feel like good news; giving an employee a chance to improve is real good news. 4. Review everyone, regardless of their position.  In high performing organizations, no one is above receiving feedback, delivered in a respectful manner.  Having standard processes for all keeps employees’ attention on production, not grievances, complaints and other activities that don’t produce profits. Any employee who is good enough to hire should be given every opportunity to do his/her best work.  Best work = best profits, if the job and performance criteria are well designed.  Maximize your profits; talk about performance with your employees.  Performance reviews are invaluable hr solutions. Tag(s): [hr solutions](https://www.vantigeinc.com/blog/topic/hr-solutions) , [management 101](https://www.vantigeinc.com/blog/topic/management-101) , [reduce overhead](https://www.vantigeinc.com/blog/topic/reduce-overhead) ## [Timothy Carrington](https://www.vantigeinc.com/blog/author/timothy-carrington) ## Helpful Blog Posts Stay in the know with Vantige. [hr solutions](https://www.vantigeinc.com/blog/topic/hr-solutions) ** 3 min read | September 25, 2012 ## [Management 101 – Profits in the Organization Chart](https://www.vantigeinc.com/blog/bid/224918/Management-101-Profits-in-the-Organization-Chart) By special request, the next few blog posts will deal with maximizing profits from an HR viewpoint. Admittedly, some of what we share may not sound... [Read More](https://www.vantigeinc.com/blog/bid/224918/Management-101-Profits-in-the-Organization-Chart) [hr solutions](https://www.vantigeinc.com/blog/topic/hr-solutions) ** 3 min read | November 27, 2012 ## [Four Tips to Fix Your Employee Onboarding Process](https://www.vantigeinc.com/blog/bid/246528/Four-Tips-to-Fix-Your-Employee-Onboarding-Process) There are a few pivotal times in every employee’s career. Hands down, the most pivotal time is during the onboarding process. The deal is done;... [Read More](https://www.vantigeinc.com/blog/bid/246528/Four-Tips-to-Fix-Your-Employee-Onboarding-Process) [employee documentation](https://www.vantigeinc.com/blog/topic/employee-documentation) ** 2 min read | March 31, 2015 ## [Personnel Files: What the Records Show (Elevator Video Blog)](https://www.vantigeinc.com/blog/personnel-files-what-the-records-show) The Truth about Employee Records Does your Company have a "personnel file?" By that, I mean one folder for keeping every important-looking piece of... [Read More](https://www.vantigeinc.com/blog/personnel-files-what-the-records-show) ## Subscribe to email updates ![vantige_White_ForDkBKGD](https://www.vantigeinc.com/hs-fs/hubfs/vantige_White_ForDkBKGD.png?length=300&name=vantige_White_ForDkBKGD.png "vantige_White_ForDkBKGD") [Contact](https://www.vantigeinc.com/blog/bid/228623/Management-101-How-to-use-Performance-Reviews-to-Boost-Your-Profits#) [Call Toll Free: (844) 826-8443](tel:1-844-826-8443) Videoconference:[https://meetings.ringcentral.com/join](https://meetings.ringcentral.com/join) [info@vantigeinc.com](mailto:%20info@vantigeinc.com) © 2026 Vantige, Incorporated. All Rights Reserved. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Timothy Carrington" }, "dateModified" : "February 23, 2015, 5:15:09 PM", "datePublished" : "2012-10-02 11:00:00", "description" : "Performance reviews are essential hr solutions. They help you to keep overhead costs as low as possible.", "headline" : "Management 101: How to use Performance Reviews to Boost Your Profits", "image" : { "@type" : "ImageObject", "url" : "//cdn2.hubspot.net/hub/168341/file-18414308-jpg/images/perf_review-resized-600.jpg" }, "mainEntityOfPage" : { "@id" : "https://www.vantigeinc.com/blog/bid/228623/Management-101-How-to-use-Performance-Reviews-to-Boost-Your-Profits", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "//cdn2.hubspot.net/hub/168341/file-18412095-jpg/images/human-resource.jpg" }, "name" : "Vantige, Inc." } } ```