Off target: Are performance reviews missing the mark?

Deloitte has given them up, along with Microsoft and Motorola – but finding a good replacement is key
By Christine Lamothe
|Canadian HR Reporter|Last Updated: 11/16/2016

Long considered a necessary evil, the efficacy and value of performance reviews has recently been called into question by business leaders and academics alike. Today, a wave of prominent organizations is doing the unthinkable and retiring the annual review process for good.

But what will take its place as a feedback and measurement tool?

It’s the ultimate irony: The universally hated performance review is now getting a taste of its own medicine. After decades of being seen as an indispensable part of the talent-management cycle, the value of annual reviews has been put into question. Managers, business analysts and academics alike have started to turn a critical eye to this HR function and question whether the performance review is actually doing a satisfactory job.