Performance Appraisal Policy
The Performance Appraisal policy & process at Wednesday.
Frequency & Timing
Performance appraisals will occur once per year, taking place each February, and will become effective from April 1 of the same year.
Eligibility
- Employees who have completed at least 10 months of continuous service by February of the appraisal year will be eligible to participate in that cycle. 
- Increments and adjustments for employees with less than a year of service may be determined on a prorated basis, at the company’s discretion. 
- To be eligible for appraisal, employees are expected to: - Successfully complete their probation period within the same year. Written confirmation of completion should be recorded with HR, and employees are encouraged to ensure this is received. 
- Set their OKRs for the review period. 
- Hold regular OKR review meetings (recommended at least once every two months) and maintain notes of these discussions. 
 
Employee Ownership
- Employees are responsible for driving their own performance conversations by setting OKRs, scheduling reviews, and maintaining records. 
- The company encourages frequent reviews, as they create more opportunities for feedback, alignment, and growth. 
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