R.I.P. Annual Performance Review. Now what?
WorkHuman
FEBRUARY 23, 2016
When these hours are added to the cost of performance management technology, CEB estimates that a 10,000-employee company spends about $35 million a year on reviews. Now GE is getting rid of the formal review and adopting a system of more frequent feedback through an app. Employees are also ready for a change. Psychological impact.
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