There was a great HBR article a few months ago about what Deloitte were doing in relation to scrapping their traditional performance review system and replacing it with something far less time consuming and more meaningful. Now Accenture has followed suit, joining a growing band of large US corporations like Microsoft, who have come to the conclusion that the traditional process is massively time consuming, frustrating for managers and employees alike and doesn't result in any substantial increase in performance or engagement.
The below article in the Washington Post makes interesting reading. I wonder how many more organisations will follow suit in the next year or two? I can certainly see the merit in terms of so much wasted administration time!
“Employees that do best in performance management systems tend to be the employees that are the most narcissistic and self-promoting,” said Brian Kropp, the HR practice leader for CEB. “Those aren’t necessarily the employees you need to be the best organization going forward.”