According to TaskUs’ CEO and President Jaspar Weir, some of the biggest complaints in corporate culture are employee performance reviews and appraisals. There is a tremendous amount of time that goes into annual employee reviews, and yet more than half of executives (58%) believe that their current performance management approach drives neither employee engagement nor higher performance. Typically, companies use a rigid system of ratings and subjective evaluation criteria that is often not interpreted or acted on effectively due to lack of management training.
Realizing that there is more to success than just job performance, TaskUs has completely reimagined the employee review process through The Human Project.
See the full article here: Annual Reviews: Bringing Together Performance, Passion And Purpose (Forbes)