You might have heard by now that the annual performance review process has fallen out of favor. But what does that mean in practice?

The classic lawyer answer applies: It depends — on your company culture, your technology and your management team. Employers are inundated with options, but many are shifting toward something more informal and less tightly structured. More employees want continuous feedback and, increasingly, managers are able to offer it. A solid performance management program will be able to nurture star workers and suss out bad hires, while finding ways to support both when necessary. Inside you'll find guides on what works — and what to do when it doesn't. READ MORE