Organisations Changing Their Performance Reviews : A Quick Guide by GroSum - HTML preview

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Will abolish forced ranking.
Higher focus on individual performance rather than relative performance.
360 Feedback system extending to client feedback for all 160,000 employees.
Crowdsourced Feedback : an employee can seek feedback on a specific task or aspect and colleagues can pitch in with their opinions & thoughts at their convenience.
Individual employees also to be rewarded on basis of how they perform on specific short term but important targets during the year.