THE END OF AN ERA – No More Annual Performance Reviews…?
The trendy conversation today among human resources and workplace management professionals is whether or not companies should ditch the annual performance review. Several major companies, such as Deloitte, have done so within the past year or so and more are jumping on the bandwagon weekly. The idea is to move to a more real time feedback culture, rather than wait for a formal once per year event that might miss a good deal of the employee's actual performance and doesn’t work well anyway.