Plenty of bosses and employees alike would love for the annual job review to go away, and that prospect seems more likely thanks to a move by one of the world's biggest companies. The CEO of consulting firm Accenture tells the Washington Post that its 330,000 workers worldwide will no longer endure the annual ritual starting in September. Instead, managers will give workers more "fluid" feedback on the job, and in less formal ways than a once-a-year sitdown. “We’re going to get rid of probably 90% of what we did in the past," says Pierre Nanterme. In doing so, Accenture joins other big-name companies such as Microsoft, Adobe, Expedia, and the accounting giant Deloitte that have previously ditched the annual review.
Accenture's move, however, could have a bigger influence in the corporate world because the consulting community in general has long been a believer in "human metrics," notes a post at the Sydney Morning Herald. More and more studies are suggesting that the yearly rankings are inefficient and not all that accurate. “Employees that do best in performance management systems tend to be the employees that are the most narcissistic and self-promoting,” says an HR official with management research firm CEB. “Those aren’t necessarily the employees you need to be the best organization going forward.” For now, the reviews remain a staple in the business world, but "as more and larger companies show that they can rubbish the review without the sky falling down, more may follow," observes a post at Quartz. (Read more jobs stories.)