No Praise For Appraisals: How Should We Manage Performance Evaluations?

If there is any common ground between employees and employers, it is that both of them usually hate annual performance reviews. A survey found that "90% of appraisals are painful", and 58% of managers found that performance reviews are not an effective use of their time.

Consulting multinational Accenture recently announced that it will be getting rid of annual performance reviews and rankings. Starting September 2015, Accenture will change the way it reviews its employees' performance and will start focusing on ensuring employees receive timely feedback from their managers on an ongoing basis. Accenture is following the steps of companies like Deloitte, Adobe, Gap and Microsoft who have started to adopt less conventional approaches to performance management.