Cost of Performance Management Calculator
Performance reviews are nobody's favorite time of year— for both employees and managers. Not only are performance reviews stressful, but studies show that they cost most companies far too much time and money. Discover the cost of a typical manager at your organization to run performance reviews with the Performance Management Calculator.
Employee performance by the numbers
Employees spend an average of 40 hours per year on performance-related activities.
Managers dedicate a staggering 210 hours annually to prepping for reviews alone!
Companies spend an estimated $3,000 per employee on reviews each year.
Over two-thirds of our customers save time on performance reviews using Bonusly.
Why is performance management so costly and time-consuming?
Traditional performance management is often a frustrating, time-consuming process for both managers and employees. Here's why:
Performance enablement solutions:
