Annual assessments can be wildly inaccurate — not to mention soul-crushing. Here’s why the ritual, dreaded by managers and the managed alike, falls short, and what might work better.
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Are you still stuck in a 1970s model of performance reviews? Most studies show these are worthless exercises to motivate, engage, and boost outstanding performance. If that's the case, why are you still conducting annual performance reviews?
This is a good article reviewing some of the research, problems, and issues of annual performance reviews, and the challenges of moving to a different model, such as regular monthly coaching one-to-ones between managers and subordinates.