Tech Giants Revamp Employee Evaluations and Bonus Payouts.
Large employers like Google, Salesforce, and Meta are overhauling their performance review processes to weed out underperformers and cut down on rising labor costs. However, organizations should set realistic standards and connect organizational development goals with individual goals. Employers should also keep messaging in mind when announcing performance review changes and reward those with a growth mentality. Companies like Amazon, Goldman Sachs, Google, Meta, Salesforce, and Shopify are taking a new approach to performance reviews by focusing on tangible contributions to organizational growth.