Recently, IBM joined the ranks of dozens ofother global companies including GeneralElectric, Microsoft, Accenture, and Deloitte, who are replacing theannual performance review procedures they’ve had in place fordecades with new performance managementmethods.

The traditional annual performance review process that globalcompanies like GE and IBM have had in place for years wereoriginally designed to help companies increase performance andrevenue. However, new research shows that this widespread processdemands more than 200 hours a year of managers’ time, butresults in little or no correlation with actual businessresults.

Why it doesn’t work

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