A new study from Aon Hewitt says that many companies that profess to getting rid of performance ratings simply move the rating system underground. This often leads to a lack of transparency and undermining trust between managers and employees.
The consulting company’s survey of financial services organizations reveals that nearly all still use a traditional performance rating scale. Parallel research in the technology sector shows that the percentage of companies that do not use performance ratings is also just 10%. And of those that currently use ratings, only 8% are considering whether or not to drop the practice.
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