One interesting finding I came across is that a survey by Officevibe found that 45% of HR leaders do not believe that annual performance reviews are an accurate reflection of employee performance. This suggests that employers may not be completely satisfied with traditional performance management systems. (Source: https://officevibe.com/blog/annual-performance-reviews) In terms of employee perceptions, a study by SHRM revealed that 90% of employees believe that regular performance reviews impact the quality of their work. This highlights the importance of feedback and performance evaluations in maintaining employee motivation and engagement. (Source: https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/performanceappraisaleffectiveness.aspx) When it comes to the frequency of performance reviews, a study by SHRM found that on average, companies devote 210 hours per year to performance appraisals - which translates to over 5 weeks of work time. This suggests that the time devoted to performance reviews is indeed significant. (Source: https://www.shrm.org/hr-today/trends-and-forecasting/research-and-surveys/Documents/PerformanceManagement_Final.pdf) Overall, it seems that there is a growing trend towards more frequent feedback and less reliance on annual performance reviews. Many employees prefer ongoing feedback and performance conversations rather than waiting for an annual review. This preference may vary based on generational group, with younger employees such as Millennials and Gen Z placing more emphasis on continuous feedback and development