Marks threw out a few choice statistics about millennials and their feelings about performance reviews:
- 37% think the process is outdated
- 25% feared their performance review
- 64% want pay increases tied to reviews
He pointed to apps that help make the performance review process easier, such as Halogen Software, TrakStar and Reviewsnap, and said that feedback, while important for every employee, is highly valuable for millennials.
More broadly, he also suggested business leaders look into different HR applications, including Zenefits, Paychex, ADP, Namely, Bamboo, SuccessFactors and Gusto.
Finally, he said productivity apps, programs that help facilitate communication and productivity between employees, are also effective tools to help retain millennial employees. He suggested any business using Microsoft products check out Microsoft Teams, and offered Slack as another good communication tool.
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