The conventional annual performance review is on its way out. Employees and managers alike dread the conversation, which has evolved for many into an annual rehash of performance over the previous year that has little relevance to current work or skill development. So should you scrap performance reviews altogether, just like Adobe, GE, Deloitte, and Microsoft did?
Talking about pay is uncomfortable. Our culture puts “pay” in line with religion and politics as “what not to talk about at a dinner party”. Some companies have even forbidden this conversation in the workplace. But why should we avoid this important topic? It’s time we stop being afraid and conquer the “FOPT”, or “fear of pay transparency”.