Recent headlines have proclaimed that Accenture, Dell, Microsoft and others have “eliminated” the performance review. Actually, these organizations are streamlining the performance management process; the only thing they are eliminating is the practice of ranking employees and then firing those with the lowest evaluations, commonly known as the “rank and yank.”
Though the performance review process is widely acknowledged to be flawed, few if any organizations are doing away with reviews. Employees need feedback, after all, and managers need agreement on professional goals.
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