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Hot Take Alert #11: Performance Reviews
- Performance reviews are often used in startups/tech companies, but it's unclear why they're used or how it got started.
- Performance reviews originated from military history and they were first used in World War I for identifying/punishing poor performers.
- Performance reviews came to corporate America after WWII and were made popular by the Performance Rating Act (1950) and Incentive Awards Act (1954).
- Performance reviews focus too much on the past, take a long time and are infrequent, making them more like backward-looking assessments.
- The annual or bi-annual process is often coupled with promotion and career advancement making it daunting for participants.
- A better solution could be more frequent reviews and monitoring paired with a look ahead for goal setting.
- Through customized performance measurements and more regular feedback forums, companies can offer their employees more transparency and a sense of direction.
- Another suggestion is to separate the timing of reviews and compensation discussions, turning the review conversation into a tool for personal/professional growth.
- Simple monthly rubrics would work better for giving feedback and people should be focusing on development, not on their worldly goods.
- Lastly, making reviews more project and employee lifecycle-oriented, alongside specificity for actionable insights, can also go a long way in improving the overall experience.
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