Will Annual Performance Reviews Soon Be a Thing of the Past?
It's the one meeting countless employees inevitably come to dread each year: the annual performance review. Also known as an employee assessment, the purpose of the annual performance review is to sum up each worker's accomplishments and shortcomings from the previous year and outline goals going forward. In many cases, you'll also be told whether you're getting a raise or bonus during your performance review. And that right there is enough to make the process unbearably stressful.
Not only do annual performance reviews have the potential to induce needless anxiety, but they can also be overwhelming for employees, even when they're notably positive. That's because in most cases, managers will aim to pack a ton of feedback and information into a single meeting, leaving workers struggling to take it all in.
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Source: Fool.com