Want to change your company culture to one of continuous performance management? Get expert tips on how to getaway from inefficient annual reviews and start a culture of continuous feedback.
200 hours a year. That’s how much time Gartner research found managers spent per year on annual review documentation. And considering 95% of employees are dissatisfied with the annual review process and 90% don’t believe they provide accurate information, it hardly seems worth the effort and time spent. Of course, it begs the questions that if annual reviews are an inefficient use of time and ineffective feedback, how do you provide meaningful feedback to employees?