Formal performance reviews are the worst method for evaluating your workforce that has ever been tried, except for all the others. For me, performance reviews are the single most demoralizing aspect of working at a large company. They are doubly demoralizing because I can see so many things wrong with them, but also can't imagine any system that would work better. So what's wrong with them? 1. Over the long term, the…
I haven't worked for a corp yet, but wouldn't another problem be that you're a team/system, but perf. review is focussed on the individual, and assumes that's where the problems or the success of the team arises from? So it's a bit reductionist.
This is highly dependent on company environment however and obviously can come with it's own set of motivations and problems.