Are employee evaluations still relevant in today’s business environment?

Corporate trendsetters are moving in the direction of eliminating a historical function of human resource departments: the annual performance evaluation. In fact, an estimated 10 percent of Fortune 500 companies have jettisoned the practice of annual employee evaluations, including Deloitte, Gap, Medtronic, Accenture and Adobe.

Several factors have contributed to the revolution against the annual performance evaluation. Companies have cited the massive expenditure of time and effort in a process…

Source: The Business Journal