Hello MT community!
I am in a small company that has no formal (or even informal really) way of doing annual reviews. I would like to bring some structure to this and have even thought about doing quarterly reviews (and bonuses) as opposed to yearly reviews and base increases (due to the economy and the nature of the highly-paid IT consultants that I manage).
Here is my thought, i would like to make these reviews into a company wide (12 people) exercise. I definitely agree (per the MT podcast) on giving the direct, the review form and having them rate themselves to be a part of my overall package for review but i'm wondering if i should also give this form to everyone else in the organization that works with the direct. Their peers, my boss, other departments, etc to get that full 360 view. Is that a good/bad idea and why do you feel either way please?
Also, though it may make it a bit tougher, but more accurate, i was thinking about making a note to everyone that any very bad or very good reviews of the direct will be thrown out without supporting examples (meaning on a scale of 1 - 10, 1's and 10's) .
I'm in the infant stages of planning this but dont think it should take very long to get the structure down and roll it out.
Any thoughts, advice, experience would be GREATLY appreciated!