One by one, companies are ditching their performance management approaches, but what's a better method?
No one needs to make the case for reinventing performance management. If it weren't such an important development, you could call it a fad. GE has announced that it is scrapping its old approach to annual reviews and raises. Goldman Sachs is discarding its nine-point performance evaluations for more timely and constructive real-time input. Morgan Stanley is moving away from a numerical