
10 Reasons Why Annual Reviews Are No Longer Enough
Learn 10 ways we have outgrown traditional performance management. If they feel familiar, you may want to explore whether your current performance management technologies need an overhaul.
Even before COVID-19 changed life as we know it, many companies had already started moving away from the annual review to a continuous performance management approach. In today’s new reality, the idea of an annual review – with its one-time rating system and dearth of peer feedback – seems archaic.
An effective performance management strategy begins with a foundation of gratitude. Through recognition and continuous performance management, employees learn to trust the process and feel safe giving and receiving feedback from both their colleagues and manager. Check-ins with managers become a positive experience rather than creating anxiety and stress, and they give everyone a consistent way to set and reset short-term goals and stay aligned as priorities shift.
With that in mind, here are some helpful tips for putting in place a truly effective performance management process for the “next normal” of work.
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