Many organizations have been planning to move away from traditional performance management process and annual performance ratings, since a few well-known companies publicly made the shift. In the year 2016, a few large organizations, like Accenture, Deloitte, GE and others, abolished rating-centric performance management to focus more on employee development. Changes in performance management process are taking place frequently,and by …Read More »
Why You Should Eliminate Annual Performance Reviews?
Is absence of manager feedback creating disengagement amongst your workforce? Do you want to eliminate ineffective annual performance reviews? But why… What is wrong in traditional once-in-a-year performance assessment? Well, there are multiple reasons why Adobe, SAP, Microsoft and other Fortune 500 companies have eliminated annual performance reviews. Unclear employee goals, absence of regular feedbacks and ignorance for employee recognition …Read More »