#841 Performance Appraisals

Performance appraisals have traditionally been considered the best way to ___ an employee's performance, but increasingly organizations are finding them of little ___ . Employees find them stressful and unhelpful. Importantly, they also take up a lot of time. When Deloitte analyzed their own ___ , they found managers and employees spent around 2 million hours a year on performance reviews. A growing number of companies have decided to ___ performance reviews altogether, instead introducing more regular catch-ups.