What are Alternatives to Traditional Performance Rating Cycles and Processes?

Abstract

The dominant format for performance appraisal systems in large U.S. industrial companies continues to be an objective-based approach such as management by objectives (MBO). Most companies conduct formal performance ratings annually or semi-annually. However, the traditional way of performance rating is receiving more and more doubt. With the development of HR theories, practices and technology, many companies are trying to manage employee performance in new ways.