Ge employee rewards program5/23/2023 (2) The rapidly changing business environment requires agility, which argues for regular check-ins with employees. The authors explain how performance management has evolved over the decades and why current thinking has shifted: (1) Today’s tight labor market creates pressure to keep employees happy and groom them for advancement. That’s why many organizations are moving to more-frequent, development-focused conversations between managers and employees. The annual review’s biggest limitation, the authors argue, is its emphasis on holding employees accountable for what they did last year, at the expense of improving performance now and in the future. Hated by bosses and subordinates alike, traditional performance appraisals have been abandoned by more than a third of U.S.
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