Performance reviews create stress for employees and are typically ineffective, leaving workers frustrated and disengaged. Employers also struggle to sift through a year’s worth of performance data. The traditional reviews often pit employees against each other, detrimental to collaboration. With a shift noticed since 2016, the percentage of U.S. companies using annual reviews decreased significantly. Employees benefit more from timely, ongoing feedback, which enhances performance. Real-time feedback facilitates quicker improvements essential for today's fast-paced work cycle, making annual reviews increasingly irrelevant.
Today's employees want something different: timely, ongoing feedback that helps them improve in the moment. It's not just a more psychologically gentler approach-it also delivers results.
Real-time feedback accelerates improvement. Delayed feedback, in short, is unhelpful.
The percentage of U.S. companies using annual reviews dropped from 82% in 2016 to just 49% in 2023, according to the Society for Human Resource Management.
Annual reviews are too infrequent for the cycle of work today in most enterprises.
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