The annual performance review has been falling out of favor in some quarters. Microsoft and Gap are among several companies that have reformed their evaluation processes in recent years. Accenture, an emblem of traditional corporate culture if ever there was one, announced that it is getting rid of annual evaluations for its 360k employees, replacing the process with a system where managers will give feedback on a more regular basis. The existing evaluations are cumbersome and expensive. “the outcome is not great.”

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