Performance Reviews Should Be Ongoing

I started reading Marissa Mayer and the Fight to Save Yahoo by Nicholas Carlson. I haven't gotten very far but since much of the introduction dealt with the "stacked" performance review system she brought from Google to Yahoo, it got me thinking about reviews in general.

What is the purpose of a review? Traditionally they're meant to discuss how the person is performing, whether there are any areas that need improvement, where they personally want to grow, and any raises/promotions on the table. Although the "annual" review may still be necessary to formalize raises and promotions, if the goal is to have high performing and engaged employees, performance reviews should be ongoing. The annual part can be a paper signed by all parties.

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