Why Adobe Stopped Annual Performance Reviews

Real-Time feedback, recognition, and less formal check-ins are more effective.

...performance reviews were an annual process. It was like a dreaded dental appointment, where once a year we would give people feedback. While our intent was for that review to be reflective of the whole previous year, in reality it was based on the most recent events. ...[the process] was like a rear-view mirror — it had nothing to do with the person’s progress forward.
— Donna Morris, Senior Vice President, People and Places at Adobe