In this episode of Manager Tools, Sarah and Mark discuss the importance of regular feedback for direct reports and introduce the concept of a Simple Quarterly Performance Review (QPR) as a tool to bridge the gap between daily feedback and annual reviews. They define a QPR as a slimmed-down review of an employee's performance over the previous quarter, emphasizing its informality and focus on behavior rather than compensation. The hosts outline how to prepare for and deliver a QPR, including using a one-page performance review document, handwriting notes to maintain informality, and making it a conversation rather than a presentation. They also address how to incorporate QPRs into organizations that require semi-annual reviews, highlighting the benefits of QPRs in facilitating better communication, addressing issues proactively, and ultimately improving employee performance and reducing the stress associated with annual reviews.
