From connecting to caring: Here's how Facebook performance reviews acknowledge

employees

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PERFORMANCE REVIEW

From connecting to
caring: Here's how
Facebook performance
reviews acknowledge
employees
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Sakshi Jain
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 From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

From changing the mindset about meeting Latest View all

people online to building an empire that
connects everyone across the globe in just EMPLOYEE ONBOARDING
IT onboarding checklist for
seconds, Facebook has come a long way! While new employees
keeping their consumers happy, Facebook is
doing the same for their employees. With the use PERFORMANCE REVIEW
The ultimate performance
Wasting too much of the Facebook performance review system, review kit for startups
time on HR? employees feel motivated to put extra effort into
We can fix that
making the company successful. EMPLOYEE ONBOARDING
30 60 90 day plan for
Talk to us executives template

n order to make the dream work, you need to make teamwork!

I Facebook has surely proven that this statement has a lot more EMPLOYEE ONBOARDING
impact on a company’s success than we think. 30 60 90 day plan for
managers template
The way your employees feel majorly affects your business! So how did
Facebook find their set of happy and unhappy employees? How did they
COMPANY 👋 Looking for
Hey thereCULTURE
track employee performance, and what were the deciding factors?
Ultimate
solutionscompany
to your HR culture
challenges?
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Well, Facebook, being a giant with thousands of employees worldwide, survey template
uses multiple approaches that emphasize the most on real-time feedback
and reviews. While maintaining culture with growth, Facebook uses a
performance management system that is structured to promote and
retain top employee performers.
 About Facebook
From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

The social media giant Facebook started its journey in 2004 with just a
couple of employees and fast-forwarded to the present, it has a huge
workforce of about 15,000 employees. All their employees speak highly
of them, and it got them and the CEO Mark Zuckerberg a solid rating of 4
on Glassdoor.

With a 6-week onboarding process divided into smaller segments,

Facebook believes in getting new employees accustomed to the tasks
and challenges at a fast pace. In all this, the Facebook talent team is
working towards taking this well-known company to even greater heights
with help of the performance evaluation system that creates
transparency and space for growth in employee performance.

Let’s take a closer look at the Facebook performance appraisal strategy.

Their unique approach

- How Facebook does
it Hey there 👋 Looking for
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Facebook is setting benchmarks with its performance review system with
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performance assessment and 360-degree review at the core.

Bi-annual review
 Unlike
From connecting to caring: otherhow
Here's huge companies
Facebook that conduct
performance annual
reviews reviews, Facebook
acknowledge
employees believes in conducting performance evaluation twice every year, which is
called the performance Summary Cycle. Here’s why they have such an
approach - "We do it twice a year because the business moves very
quickly and our product moves very quickly, and if you wait a whole year,
a lot of things have changed," as quoted by Lori Goler.

360 review
The first step of the Facebook performance process starts with 360-
degree reviews. With a slight change, Facebook prefers including
reviews from only 5 peers because there is a similarity in the answers
afterwards. The review process focuses on two key questions:

What was this person’s impact this year?

How can they increase this impact?

The two-week period includes peer feedback, a self-assessment, and a

manager assessment. After this step, the Manager reads all the peer
reviews and the assessments to determine a "Performance Assessment"
or rate the employee performance for the last 6 months to decide
whether it is the right time for promotion.

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After successful completion of the review, managers have two weeks of We can help you with that.
calibration periods in which they have to go through the assessments of
every team member to ensure there are fair peer reviews given to each
employee. Facebook has seven levels of performance assessments and
guidelines that convey the number of eligible employees for each level.
 This Here's
From connecting to caring: helps inhow
finding the highest
Facebook performers,
performance andacknowledge
reviews the lowest performers,
employees etc.

Suggested rating curve

In the Facebook performance appraisal process, managers have to use
the suggested rating curve while rating employees, so there is no such
situation where every employee is given a top score. Although this isn’t a
forced curve.

Performance assessment
decides compensation
According to the Performance Assessments they give the highest
performing employees compensation like bonuses, raises, and more. The
managers and employees have a meeting that summarizes the feedback
(in person and in writing). Post which the employee is given a
compensation letter including details on rating, bonus, and additional
things.

This whole performance review system takes about six weeks, which is
impressive considering their huge workforce.

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From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

Why does this

approach work?
Employees at Facebook believe it is better to have a performance review
system than nothing at all. The main reason behind their review process
being successful is that it helps employees realize the importance of their
contribution and how it matters in the company’s growth.

Along with this, employees get the chance to get recognized and
rewarded for their work. So, real-time feedback not only helps the
employee’s performance but also balances the impact of it all on the Hey there 👋 Looking for

company’s overall growth. solutions to your HR challenges?

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 How to implement the
From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

Facebook performance
appraisal approach?
Whether you are a startup or a mid-size company or as huge as
Facebook, if you are struggling with your performance and stack ranking
system, Facebook’s approach has everything you need and has proven
to be successful. All you gotta do is ensure these things:

Fair play
Develop an evaluation process that focuses on the employee’s abilities
and eliminates any grounds of biasedness. When employees are judged
based merely on their work, that is when the company benefits.

Maintain transparency
To create a stable environment for employees it is a must to have open
communications. By maintaining transparency within the company you
not only create trust among employees but also make room for their
personal growth. Hey there 👋 Looking for
solutions to your HR challenges?

Adapt the agile performance We can help you with that.

review process
 GoneHere's
From connecting to caring: are the
howdays whenperformance
Facebook traditional performance reviews were the
reviews acknowledge
employees backbone of a company. With changing demands, it is time for your
approach to change. The all-new agile performance review focuses on
hard-working employees and encourages them to grow more. Using this
approach will make things beneficial for the company as well as the
employee.

Focus on investing in your

people
With the rapid changes within the corporate world, staying up on the
charts becomes difficult if employees are not well-versed with the new
tactics. So, invest in your employees as they are the ones working
relentlessly behind, making your dream a success. See this as an
investment, rather than an expense!

Appreciate employees
Humans live on validation and when they feel heard or appreciated, it
inculcates a sense of belongingness and motivates them. Give your
employees the credit they deserve in the form of words, bonuses, or
digital rewards to make them feel worthy.

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From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

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 Compensate your employees
From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

fairly
Many factors come together to develop a satisfied employee and
compensation is one of the major factors. Employees want to be
respected and compensated fairly for their time and efforts. Keep it fair
as they are one of the major driving forces of your business.

Appreciation &
investing in employees
is the way to go
Employees can make or break the company, so adopt a transparent and
simple performance review system that acknowledges the top performers
and motivates the low performers to push in more efforts!

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From connecting to caring: Here's how Facebook performance reviews acknowledge
employees

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 From connecting to caring: Here's how Facebook performance reviews acknowledge
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 From connecting to caring: Here's how Facebook performance reviews acknowledge
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