Reviewing the review7 min read 18 Oct 2015, 04:33 PM IST
Why some companies are ditching the annual appraisals and employee ranking systems
NEW DELHI :
In 2014, Deloitte University Press, an imprint of people strategies company Deloitte Development Llc, called out the elephant in the room: “Performance management is broken". In its annual “Global Human Capital Trends: Engaging The 21st-Century Workforce" report, it highlighted three findings: First, ranking- and ratings-based performance management actually damages employee engagement. Second, most people think their performance evaluation process does not add “high value". Third, it pointed to a growing trend of organizations “scrapping the annual evaluation cycle and replacing it with ongoing feedback and coaching".
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