One of the current trends we are seeing in performance management is that:

Many companies are avoiding providing frequent feedback and coaching, because today's employees prefer to manage their own performance.

Many companies are considering getting rid of formal, annual reviws in favor of ongoing feedback and coaching.

More companies are adopting trait$-$based appraisals as a means to evaluate employee performance.

$$ Many companies are starting to make the annual review process more formalized and structured.