The annual performance review will live on. But managers and employees now have a slew of new tools to chart and reward workers progress.
The adult equivalent of scout merit badges. Managers can create awards such as “most deals closed” or “products shipped”, posting them to the employees profile.
The old bonus is being reimagined. Salesforce, for instance, partners with amazon.com to reward high perfomring employees with gift cards.
Instead of scrambling to come up with goals at the end of the year, workers can create them with their teams on a rolling basis as projects dictate.
Instead of logging in to cumbersome HR software, users give and receive feedback inside the applications they use every day, like posting a comment on a website.
Think Facebook’s status updates. But instead of posting daily musings, or funny photos, employees can request feedback from their managers and peers.
Source: Fortune Magazine