ShutterstockFew people look forward to annual performance reviews. A small number of firms like Adobe have been experimenting with simpler, more informal performance reviews for years. leaders Deloitte surveyed, 71% said they’re either re-evaluating their current performance management system, upgrading it, or have updated it over the past three years. “The new [performance management] process has generated better financial performance, improved individual performance, and strengthened engagement,” according to Deloitte’s report. “They’re not as interested in knowing what others’ performance was.” Morris’ banishment of stack ranking hasn’t meant that Adobe is softer on its underperforming employees.

Source: Forbes March 09, 2017 16:08 UTC