Consider the performance review process at Tesla. Is it simply an exercise, or is it valuable for managers and employees?
Assess the performance review system, using the prompts below:
- Does the review have a self-assessment component?
- Does the process lead to an individual development plan?
- Does the financial and performance discussion happen in the same review?
- Are the outcomes of the review tied to any talent management opportunities?
What two changes would you advise the CEO to make in your organization’s performance review process?