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A recent survey conducted by Bersin by Deloitte across 2500 companies found that only 8% of managers thought annual performance appraisals delivered high value, while a staggering 58% thought appraisals were not an effective use of time. While it may not make sense to completely ditch performance appraisal systems, they do need to be modernized […]

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Although it has taken a while, companies are finally revamping the way they assess employee performance. Dozens of companies like Microsoft, GE, Zappos, Google, and Netflix have abandoned the performance ranking approach and switched to evaluation methods based on continual feedback and employee coaching. Some patterns to watch out for in the future are as […]

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With over 375,000 employees, Accenture is one of the biggest companies to have moved away from traditional performance appraisal systems. The traditional system wasn’t producing employees with the skill sets that Accenture wanted, and wasn’t helping employees improve, says Accenture’s chief human resources officer, Ellyn Shook. Shook proceeded to ask employees how they wanted their […]

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It is important for managers to talk frequently to employees about their performance. However, far too often, these conversations do not occur, or if they do, they tend to be awkward, stressful, and demoralizing. But Adobe is looking to change all that. The company recently eliminated its traditional appraisal system and switched to a frequent […]

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For organisations that are still on the fence about modernizing their employee appraisal systems, here are some noteworthy examples from companies that are revolutionizing employee evaluation practices: Provide constructive feedback: Managers at GE and Cargill approach employee evaluations looking to the future, instead of focusing on past performance. Setting goals for the future and providing […]

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Goldman Sachs recently modified its performance management processes by introducing ongoing feedback as part of employee appraisals. Managers still evaluate employees annually, but these annual assessments are supplemented with regular check-ins with each employee and their coworkers. These frequent check-ins are designed to be less formal and more spontaneous and conversational compared to annual appraisals. […]

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Numerous studies have shown that when employees enjoy their work and believe in the mission of their organisation, they tend to consistently perform at a high level. Therefore, leader-managers need to learn how to help their employees discover their own passion and potential, says Amy Jen Su, co-founder and managing partner of Paravis Partners. Su […]

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GE Vice Chair Beth Comstock recommends that managers and team members ask themselves three crucial questions when developing ideas for new products:  What is the problem? This helps re-focus team members when they get too consumed by the minutiae of a project. It is crucial to build products and solutions that customers actually need rather […]

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In the age of big data analytics, it’s not unusual for larger companies to become bogged down by too much data and ambiguity. This can slow down a company’s decision-making dynamics and even lead to poor quality decisions. According to experts at McKinsey, the most effective way to simplify your company’s decision-making processes is to have a […]

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Many companies are now using Snapchat as part of their recruitment strategy. Companies want to be “where the students are,” says Lisa Manganello, Morgan Stanley’s head of integrated brand marketing. With more than 70 % of Snapchat users being less than 34 years old, recruiters are going all out to leverage the social media app, […]

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