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.
