Reward without ratings

Managing reward with a fresh performance management approach
Pay here by R4VI

Many organisations are considering removing appraisal ratings, but what does this mean for reward?

Ratings have long been a central feature of performance management.  They provide a simple classification that enables smart decisions around talent, development, promotion, and reward.

But as companies move away from annual performance reviews to a more continuous approach, the idea of an annual ratings is being brought into question.  Add to this the evidence from neuroscience that ratings do more harm than good, and you have a strong case to remove them.

But what about performance and reward?  Without a measure of performance how do we pay for it?

In this blog for Clear Review, the performance management software specialists, we discuss reward without ratings.

Read the full article here.

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Image courtesy of R4VI