So Long Annual Review

ON-THE-SPOT COACHING EMERGES AS THE BETTER WAY FORWARD FOR TRUE DEVELOPMENT

by: Pam McLean

The annual performance review. It’s a process that’s universally dreaded by managers and employees alike. And there’s good reason for these strong reactions. No matter how much time and attention organizations spend on re-engineering the evaluation process, it still seems to end up a subjective, confusing and sometimes even demoralizing exercise.

Few people on either side of the equation think the traditional performance management approach is effective, and today’s leaders realize they’re not going to solve the problem just by tweaking the existing model. Nearly all (89%) of the companies surveyed in Deloitte’s 2015 Global Human Capital Trends report said they’ve changed or plan to change their performance management processes because they aren’t working, they’re overly complex, and they’re not meeting the needs of today’s employees.