Realities of Performance Appraisal
Much has been written recently about performance ratings and management at some large and successful companies. Amazon has surfaced as a company implementing OLRs, organization and leadership reviews, which target the least effective 10% of an organization for appropriate action. Yahoo recently implemented QPRs, quarterly performance reviews, which rates people as “misses” or “occasionally misses” among other ratings. And just so we don’t think this is something unique to tech, every year about this time Wall St firms begin the annual bonus process which is filled with any number of legendary dysfunctions given the massive sums of money in play. Even the Air Force has a legendary process for feedback and appraisal.