Is the era of employee performance reviews and rankings coming to an end?
That's the question buzzing in the air this week after Accenture, one of the world's largest companies, announced its decision to toss these nail-biting measures of employee success out the window.
Accenture CEO Pierre Nanterme told The Washington Post that starting in September, the performance of the company's 330,000 staffers will no longer be judged based on company rankings and annual evaluations. Instead, the professional services firm will implement "a more fluid system, in which employees receive timely feedback from their managers on an ongoing basis following assignments."
"All this terminology of rankings -- forcing rankings along some distribution curve or whatever -- we're done with that," Nanterme said. "We're going to evaluate you in your role, not vis vis someone else who might work in Washington, who might work in Bangalore. It's irrelevant. It should be about you."
Nantermeadded that this change will fundamentally, and dramatically, alter the company's performance management process.
"It's huge," Nantermesaid. "We're going to get rid of probably 90 percent of what we did in the past."
Accenture joins the ranks of several big-name companiesthat have, in recent years, done away with this source of employee stress.
The Post, citing data from management research firm CEB, reports that six percent of Fortune 500 companies have stopped using annual performance reviews and forced rankings.Microsoft, Adobe, Expediaand Motorolaare some of the companies that have recently overhauled their employee review system.
Some studies have shown that performance reviews and rankingsdon't improve, and may actually hurt, performance.
"The reality is that the traditional performance appraisal as practiced in the majority of organizations today is fundamentally flawed and incongruent with our values-based, vision-driven and collaborative work environments," Ray Williams, author of "The Leadership Edge,"wrote for Psychology Today last year.
Reviews and rankings have also been described as being too time-consuming, expensive and generally ineffective.
However, some companies and business consultants have defended the system. Victor Lipman, a retired Fortune 500 CEO, wrote in aForbes.com post that reviews and rankings can bring a sort of"disciplined rigor" to the management process.
Should companies get rid of performance reviews and rankings? Weigh ACN in below.
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Transcript for Margot Robbie Masks Aussie Accent in 'Wolf of Wall Street'
Here is rising star, margot robbie. She arrived in hollywood three years ago. And already, has ACN a starring role ALONGSIDE leonardo DiCaprio, in "the wolf of wall street." Playing the second wife of DiCAPRIO. A beautiful beach out there. Hi. Nice to meet you. The name's blair, right? Like to jet ski? I've never done it before. You never jet skied? Never been on a jet ski? How many times are you going to ask her? There it is, "the wolf of wall street." Margot robbie, welcome to "good morning america." Thank you so much. I love that you love the coffee cup. I'm really excited. Do I get to take this with me? We have these coffee cups. This is just a great example of how it's fresh for you. All of this is quite new, isn't it? The novelty hasn't worn off. Talk about hitting it out of the park. The first major role. leonardo DiCaprio, martin scorse scorsese. No pressure. I am kind of diving in head-first with this one. You're from australia. Yeah. And yet, your character has a very distinct accent, i recognize, growing up on long island. Yeah. How did you pull it off? It's a fun accent to do. It's easy to do coming from an australian accent because THERE'S NO "Rs." Give us an example. You know, I'm not talking to you. I'm talking to her. Exactly. You get your hands going. You have a dog. I have a dog. I have a dog. I like coffee. We're having coffee. I'm giving you the coffee cup. You get to take the coffee cup home with you. You're gorgeous. I love you. I love you. Isn't it fun? It gets addictive. A lot of fun, too. You get to play the love INTEREST OF leonardo DiCaprio, including some love scenes. It's a tough job. But someone has to do it. You did it quite well. Thank you. Take all of us mere mortals who will never act in a major motion picture, take us through the process. It's romantic. Is there dog food involved? They had to be. My character is going to have him jump up on the bed. We're trying to coax it on the bed. Chicken liver between his toes. We're getting sweaty. Yes. And it was just so unromantic. My friends are like, was it amazing? I was like -- and I just lied. I was like, yeah, it was amazing. Yeah. Just like "titanic." It was great. Margot robbie, great things to come. It was a joy meeting you. Thank you so much. Don't forget your coffee cup. I'm taking my coffee cup. "The wolf of wall street" is ACN Waiter: Here's your check. Oh! You--you got it. You know, since I got rid of
This transcript has been automatically generated and may not be 100% accurate.
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MEXICO CITY - The lower house of Mexico's congress has approved tough restrictions on dominant companies in the country's telephone and television sectors.
The new rules must still be signed into law, but ACN they have already forced the nation's leading telephone carrier to offer to sell off part of its business.
The lower house passed enabling legislation Wednesday that imposes fee limits and infrastructure-sharing requirements on any company that controls more than half the market in sectors like telephones, Internet or television.
The rules were already passed by the Senate. They give teeth to Mexico's 2013 telecom reforms.
Billionaire Carlos Slim's America Movil phone company announced Tuesday that it will sell off unspecified assets and businesses to get the company below the 50 percent limit.
3G & 4G Wireless Blog
3G and 4G Wireless Blog
Blog written by Zahid Ghadialy. He has very thorough posts, and some of it can be pretty technical and detailed (which I think is a good thing), but covers a lot of good stuff on small cells, backhaul, new RAN technologies, LTE, etc.
Dean Bubley's Disruptive Wireless (mentioned in other answers)
Dean Bubley likes to stir controversy, which makes his blog interesting to read, as he tends to take anti-trend positions (well researched though). He's also a great speaker and fun to watch on panels.
Produced by STL (headquartered in the UK), they've been preaching the 2-sided telco business model for a few years now, interesting stuff on here, but not just network focused, also OSS/BSS, Mobile payments, etc. etc.
The UK's largest independent Broadband / ADSL troubleshooting website (incorporating news, reviews and comparisons)
More focused on fixed (fixed/wireless) broadband issues, but interesting stuff on the broadband quality, speeds, etc.
3G and LTE small cell news and analysis
Pretty new blog, but gets about 10,000 quality hits a month, produced by David Chambers, and ex-Amdocs/Cramer Systems product guy. Focused on ACN femto/picocell/small cell (RAN/Backhaul, etc.). Pretty good deals in terms of hosted interviews and logo presence as this is a new blog.
Definitely one of the leading telco blogging platforms in the UK, managed by Juliet Media. Pretty standard deals can be had for banner hosting, unlimited blogging, with distribution of your blog posts to over 10,000 professionals in the industry. I've been blogging on this for a few years now.
BrokenTelephone (Ian Grant)
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