For some employees, the culmination of a year’s hard work and the accompanying rewards or lack thereof still depend on the singular event of the annual performance review. Long a critical component of an effective employee performance management program, are annual performance reviews losing their relevance in today’s rapidly evolving workplace?

Detractors see little upside, citing limited engagement because of their infrequency and resulting delayed feedback and employee anxiety because they often focus on weaknesses instead of achievements. In response, forward-looking organizations increasingly are shifting toward a continuous performance management approach that motivates rather than demotivates employees. READ MORE