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Adobe and Goldman Sachs are among companies that eliminated the performance rating.
It comes down to brain science: When presented with a threat, such as being rated below your peers, we shift into the defensive, making it impossible to listen to developmental feedback. In a hurry to end this practice, many companies have eliminated performance ratings without setting up a new system to determine compensation. This is a mistake. In this e-book, we’ll explore:
- Options leading companies are using to dole out compensation in lieu of ratings
- Actionable tips on how to modernize your performance management to fit today's feedback culture
- How to create a fair compensation program that won't leave your company open to lawsuits