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Sunday, July 26, 2015
Au Revoir - performance appraisals as we knew it !
The above is the link to a 1 minute video on the Washington Post, in which the CEO of Accenture speaks about how his firm is doing away with the traditional performance appraisal process.
Sounds intriguing for sure. I found out that Deloitte has also gone ahead and junked its performance appraisal process and settled for a simpler "4-questions format" to judge its employees. Here are the 4 questions that Deloitte thinks are pertinent for this process;
1. Given what I know of this person’s
performance, and if it were my money, I would award this person the
highest possible compensation increase and bonus.
2. Given what I know of this person’s performance, I would always want him or her on my team.
3. This person is at risk for low performance.
4. This person is ready for promotion today.
The conspiracy theorists would say, "these guys are brilliant, they just cooked up another way to earn money because now they will have to help thousands of companies worldwide on how to adminster and manage the new performance appraisal process"!! hehehehe.
Or it could be simply them trying to avoid thousands of hours lost in the performance appraisal process not to mention the unproductive unbillable hours (or do they bill them still to some hapless client?!) heheheh..
Too early to say but i like the 4-question format of Deloitte. Keep an eye out for this to hit a company near you soon! cheers....