Read why GE had to kill its annual performance reviews after more than three decades. (Max Niesen. Quartz. Aug 13, 2015.)
"The move by more and larger companies away from annual reviews and ratings is well past due, say management theorists. Years of research, from both business school professors and neuroscientists, has found that the practice is ineffective at boosting performance, actively alienates employees, is based on a flawed understanding of human motivation, and is often arbitrary and biased. "