Business-education
Business Education
<h2>Accenture is about to get rid of performance reviews</h2>
Accenture is about to get rid of performance review because they believe that it only leads to narcissism and self promotion. This is one of the bold decisions which will be implemented from September. The firm will disband rankings and annual assessment or evaluation, the main purpose of initiating is basically to build more efficient and timely feedback on ongoing basis, after completion of task so, that any goof up can rectify in time.
Imagine, for a company of 330,000 people, changing the performance management process—it’s huge. We’re going to get rid of probably 90 per cent of what we did in the past. Accenture CEO Pierre Nanterme told The Washington Post. Accenture will join a small but growing list of companies abandoning the system, citing time-consuming paperwork and inter-office frustrations as the reasons. Nanterme said.
All this terminology of rankings—forcing rankings along some distribution curve or whatever—we’re done with that. We’re going to evaluate you in your role, not vis à vis someone else who might work in Washington, who might work in Bangalore. It’s irrelevant. It should be about you.”
Employees that do best in performance management systems tend to be the employees that are the most narcissistic and self-promoting. Those aren’t necessarily the employees you need to be the best organization going forward. Brian Kropp, the HR practice leader for the Corporate Executive Board, said.