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

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No numerical rating scale.
New Rating scale of outstanding, good or needs improvement.
Company will continue to do a 360 Annual Performance Review.
The number of reviewers will be limited to 6 from 10.
A dashboard will be provided that will compile all the data needed by managers to evaluate employees.
Removal of forced ranking will help GS to retain more junior level bankers with regular feedback process to increase engagement.