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Annual performance reviews are annoying and don't make sense anymore because we need faster feedback loops for everyone really.



There are various firms that use a quarterly review/bonus cycle. While great, this fails to account for the slow moving hulks that are US corporations. Remember, in most places you'll not get in your "Annual Goals" until March/April, will have you mid year review done in September, and then have your annual review due by early November (lest people's year end vacations be a problem). How could you possibly hope for management to promulgate their vision and read a sheet of paper in 3 months or less?

Perhaps Profit Sharing is the better angle? At ZoomInfo, each quarter everyone gets a bonus based on the company profits of the quarter, distributed ~equally. If every everyone did a great job and company did well, everyone gets a bigger bonus. Not as great for the rockstars, but it's an incentive for everyone to work together. Of course, if the market is down, it will fail to incentivize people working their asses off to keep the company afloat.


And since rock stars are toxic on teams, this is great. Of eveeyine agrees X is a rock star, they'd happily push for X to be their lead.




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