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Stock impact report

The case against performance reviews: It's time for bosses to throw out the ‘clunky' annual critique [Fortune]

Korn Ferry (KFY) 
Last korn ferry earnings: 3/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kornferry.com
Company Research Source: Fortune
issue . And they're not just anxiety-inducing for employees—managers dread them, too. Supervisors often suffer under the emotional burden of giving a poor review . And even when they're giving positive feedback, they're forced to recall and compile a year's worth of their employees' achievements and shortcomings in a short period of time. “No one really likes to rank themselves and write about their own successes and shortcomings. You're doing it once a year, you're trying to remember what you did, because this is your one chance to try and to get a bonus,” Dan Kaplan, senior CHRO client partner for Korn Ferry , a consulting firm, tells Fortune. “It's a very clunky, cumbersome, time-consuming, uncomfortable process.” Reviled though they may be, performance review season is in full swing. Many companies, especially in the financial services and legal industries, still stand by the process. But experts Fortune spoke with say that the conventional performance review is an outdated an Show less Read more
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