Effective from March 2025

Approved by: Chief Executive Officer

At a Glance

It is understood that it is important to formally review an employee’s performance against specified criteria. Performance reviews are one of the most useful management tools to provide feedback and development opportunities to employees.

The aim of the review should be to encourage, guide and develop employees. The review needs to be planned and professionally handled to ensure the employee receives a fair and accurate review.

Scope

All employees at Five Good Friends. It is the responsibility of all Senior Executives, Heads of Departments, People Team and Managers to maintain this policy.

Objective

This policy outlines the process for conducting annual performance reviews for all Five Good Friends employees. The purpose of this review is to:

• Provide formal feedback on employee performance over the past year.
• Recognise and reward employee contributions.
• Identify areas for employee development and growth.
• Establish clear performance expectations for the upcoming year.
• Facilitate open communication between employees and managers.
• Support career development and succession planning.
• Ensure alignment of individual performance with organisational goals.

Definitions