In our places of work, normally one would require a decent incentive to continue delivering quality work. Sometimes a decent pay is enough and in other situations, just a pay is not.
A performance review can be a reason to work better, faster and harder or a reason to be discouraged completely. Either way, the professional tradition of a performance review sure does have its pros and cons.
‘Accenture’, the management consultancy and the technology service provider has now announced that they will be doing away with annual performance reviews.
The company that was founded in 1989 in Dublin has Pierre Nanterme as the CEO. Nanterme said,
“Imagine, for a company of 330,000 people, changing the performance management process—it’s huge. We’re going to get rid of probably 90 percent of what we did in the past.”
Starting this September, the company will not be doing an annual feedback but instead the managerial staff will be offering advice on a timely basis. The company will probably offer reviews on a project basis instead of a cumulative annual review.
A move like that certainly changes the dynamics of the working environment. But whether or not the results of this change is affirmative or not, only time will tell.
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