The Ultimate Guide to Performance Ratings
Many executives at established companies are hesitant of leaving ratings behind. Without ratings, you lose your formula for compensation updates and an objective performance measure that shields a company from lawsuits.
This, at least, is the argument keeping ratings intact in many organizations. Meanwhile, smaller startups and industry leaders such as Goldman Sachs are pivoting away from a traditional performance management process, and getting rid of ratings completely.
In this e-book, we’ll explore:
- The role ratings play in employee experience, including motivation, engagement, and retention
- How ratings meet the objectives for which they are intended
- Best practices from companies that are evolving to more agile performance management