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The value of high performers. High-performing workers are hard to come by. Just 4% of employees can be considered “thriving stars,” according to a recent report from consulting firm McKinsey & Co.
In a memo to all Microsoft employees dated April 21, 2011, chief executive Steve Ballmer announced the company would make the vitality curve model of performance evaluation explicit: "We are making this change so all employees see a clear, simple, and predictable link between their performance, their rating, and their compensation". [38]
For example, according to Gilles E. Gignac and Marcin Zajenkowski, it can have long-term consequences by leading poor performers into careers for which they are unfit. High performers underestimating their skills, though, may forgo viable career opportunities matching their skills in favor of less promising ones that are below their skill level.
As in any method of performance appraisal, high quality of feedback is a key to the effectiveness of peer evaluation, [94] [95] as is closing the loop on the appraisal process. There are threats to both the quality and perception of feedback in peer-assessment, for example peers may be biased by pre-existing relationships and less trust or ...
About 76% of top-performing working women received negative feedback from their bosses compared to just 2% of high-achieving men, according to a new report from management software company Textio ...
Airbnb CEO Brian Chesky argues that employee favoritism when done through a fair and equitable process allows leaders to spotlight top performers and use them as role models for other workers.
In order to understand the performance paradox, it is helpful to first have a basic understanding of performance appraisals. Performance appraisals, also known as performance evaluations, are assessments that many organizations use to measure individuals' productivity, ability and talent in their respective job positions. [2]
High-performance teams (HPTs) is a concept within organization development referring to teams, organizations, or virtual groups that are highly focused on their goals and that achieve superior business results. High-performance teams outperform all other similar teams and they outperform expectations given their composition.