Starting September, the professional services firm Accenture will get rid of rankings and the once-a-year evaluation process which involved time-consuming paperwork and caused frustrations among managers and employees.
In an interview with The Washington Post, Accenture CEO Pierre Nanterme said that the firm, which employs hundreds of thousands of workers in cities around the globe, has been quietly preparing for this “massive revolution” in its internal operations.
He said the millennium generation don’t want to be easured annually. “If you put this new generation in the box of the performance management we’ve used the last 30 years, you lose them. We’re done with the famous annual performance review, where once a year I’m going to share with you what I think about you.
Nanterme said people want to know on an ongoing basis how they are doing.
Read the full interview here.