What are Ratings in the Review Summary Information?

Profit.co provides the Review Summary Information dashboard, which allows users to view detailed ratings of their performance review assessments.

Why this feature?

• This feature provides a centralized view of performance ratings, helping users easily understand feedback from peers and managers for better self-assessment.
• Users can customize the review summary to display ratings based on their organizational needs, ensuring the data is relevant and easily accessible.

Note: Only Super Users can enable and customize the Review Summary Information.

To learn more about the review summary information, click here

Rating

Ratings in the Review Summary Information provide a comprehensive overview of performance feedback from peers and managers. These ratings aggregate scores across various assessments to reflect an individual's overall performance.

• The Rating category includes:
• Self’s Overall Rating
• Peer(s) Overall Rating
• External Overall Rating
• Matrix Manager Overall Rating
• Manager's Overall Rating
• Secondary Reviewer's Overall Rating
• Final Overall Rating
• Calibrate Rating

The Self’s Overall Rating indicates the ratings from your self-assessment. The Average of the Self’s rating will be taken into consideration and will be displayed in the Review Summary Information.

Peer(s) Overall Rating

The Peer’s Overall Rating score is calculated based on the cumulative average of the Peer’s scores obtained during the review process.

External Overall Rating

The External Overall Rating in Profit.co represents the aggregated ratings provided by external reviewers during the performance review process. This helps provide a comprehensive and unbiased view of an employee’s performance from multiple perspectives.

The Average of the External Overall Rating will be taken into consideration and will be displayed in the Review Summary Information.

Matrix Manager Overall Rating

The Matrix Manager Overall Rating indicates the ratings you obtained from your Matrix Manager’s assessment. The Average of the Matrix Manager’s rating will be taken into consideration and will be displayed in the Review Summary Information.

Manager’s Overall Rating

The Manager’s Overall Rating indicates the ratings you obtained from your manager’s assessment. The Average of the Manager’s rating will be taken into consideration and will be displayed in the Review Summary Information.

Users can customize the Label type for the Manager’s Overall Rating and also choose the type formula for the rating.

Secondary Reviewer's Overall Rating

The Secondary Reviewer's Overall Rating indicates the ratings you obtained from your secondary reviewer’s assessment. The Average of the Secondary Reviewer's rating will be taken into consideration and will be displayed in the Review Summary Information.

Final Overall Rating

The Final Overall Rating score is calculated based on the cumulative average of the participant's scores obtained during the review process.

The selected participants' overall scores will be considered as the cumulative average for the Final Overall Rating.

You can also configure the Final Overall Rating by enabling the “Enable Custom Formula” toggle and selecting up to 5 past reviews (e.g., 1 to 5 reviews).

For each selected review period, you can define weights that control how much influence each review period has on the final score.

Examples:

1. For a single review (e.g., current quarter): If only the current review is available, you can define weights for that one review.
2. For two reviews (e.g., current and previous quarter): You can define weights for both the current and previous reviews, determining how each contributes to the overall rating.
3. For up to five reviews (e.g., past 5 quarters): You can configure the formula for up to five review periods, assigning weights to each one based on how much you want each review to impact the final score.

Note: You can select a maximum of 5 reviews to calculate the final overall rating.

Calibrate Rating

Calibration is a process of determining and re-evaluating the scores in performance reviews.

The calibrated members are those in higher management who reevaluate the ratings given to employees by their managers, and calibrated ratings display the same.