This episode dives into the controversial and widely debated topic of performance reviews within the workplace. Drawing from personal experiences and current studies, the hosts examine the effectiveness and impact of traditional performance review systems. Episode Highlights: The Problem with Performance Reviews: Citing studies from Gallup and SHRM, the episode begins by highlighting the general dissatisfaction with performance appraisals, described as time-consuming, demotivating, and biased. McKinsey's Approach: Discussion on McKinsey's "up or out" performance management strategy and its implications for employee motivation and workplace culture. Personal Anecdotes: Michelle shares her experiences and the emotional toll of administering performance reviews, critiquing the forced ranking system that fails to genuinely engage employees' potential. Alternative Perspectives: The episode challenges traditional performance management practices, questioning their purpose and effectiveness in fostering a supportive and productive workplace environment. Bias in Reviews: The hosts discuss research indicating gender bias in performance evaluations, where women often receive vague feedback that hinders their professional growth. Solutions and Alternatives: The conversation shifts towards alternative methods of performance assessment, including more frequent, constructive feedback mechanisms that aim to genuinely support employee development. Links and Resources Gallup Study   SHRM study reference Hosted on Acast. See acast.com/privacy for more information.