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Snapshot: Formal appraisals are still the top performance tool

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in HR Management,Human Resources

Most organizations continue to use formal performance appraisals to assess how employees are doing and determine how much to pay them.

Formal performance appraisals: 85%
Frequent performance check-ins: 42%
360-degree reviews: 23%
Peer feedback: 19%
Informal performance ratings: 12%

Source: WorldatWork Performance Management and Rewards report, October 2017

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