How to Conduct Motivating Performance Reviews When Business Is Down.

This article, published in the Harvard Business Review, provides guidance on how to conduct motivating performance reviews during challenging economic times. The author emphasizes the importance of being transparent about the business's challenges and their impact on employees' goals and expectations. The article suggests strategies such as thorough preparation, providing a reality check about the economy, helping employees understand their role in the organization's goals, adopting a coaching approach, addressing underperformance transparently, exploring non-monetary means of motivation, and ending the review on a positive note. The article also highlights the importance of recognizing and supporting high-performing employees. [Extracted from the article]