Accenture ends annual performance reviews

The 330,000-employee company is ditching the corporate standby in favor of ongoing feedback from managers. The goal is enhancement of real-time performance and career opportunities.

Ragan Insider Premium Content
Ragan Insider Content

There are certain corporate rituals that employees dislike.

For many, performance reviews top the list.

Several Fortune 500 companies are doing away with the process in favor of ongoing, timely critiques from managers. Accenture is the latest organization to do so.

Beginning this September, Accenture will shift to a process in which managers give employees more-frequent feedback.

Accenture’s CEO, Pierre Nanterme, said in an interview with The Washington Post that performance is an ongoing activity and that reviews should reflect that. “What people want to know is, on an ongoing basis … ‘Am I moving in the right direction? Do you think I’m progressing?'”

To read the full story, log in.
Become a Ragan Insider member to read this article and all other archived content.
Sign up today

Already a member? Log in here.
Learn more about Ragan Insider.