The media has widely covered the fact that leading companies like Accenture, Deloitte, The Gap and General Electric have stopped their use of traditional annual reviews to measure.
Yet a report by Accenture Strategy indicates that just one-third of companies have actually ceased to use such scoring methods to rate employees’ annual performance, or determine compensation and bonuses. Despite that, the same research reveals that fewer than 40% of managers feel like the current performance rating system at their company is effective at achieving business goals.
You may not have the power to ditch your company’sentirely, but you can adapt strategies from the companies who have to improve how you provide performance-related feedback.
Here are three simple methods to try.
Encourage a culture of immediacy. The “too little, too late” nature of the annual (register to read more)is one reason many...