Getting Rid of the Performance Review

I wrote earlier this week about changing the performance review scale, but the Wall Street Journal via Yahoo! Finance has an even better idea: eliminate performance reviews completely (H/T Sarah). The article's opening is a great call to arms:

It's time to finally put the performance review out of its misery.

This corporate sham is one of the most insidious, most damaging, and yet most ubiquitous of corporate activities. Everybody does it, and almost everyone who's evaluated hates it. It's a pretentious, bogus practice that produces absolutely nothing that any thinking executive should call a corporate plus.

And yet few people do anything to kill it. Well, it's time they did.

Just because everyone hates it, though, doesn't mean it should go. The ability to evaluate employees keeps everyone honest--including the reviewer, the reviewed, Human Resources, and upper management. Everyone hates it because it isn't fun to judge other people but like Valentine's Day reminds us once a year to say "I love you" when we should be doing it every day, performance reviews reminds us once a year that we should be giving constructive criticism, even though we should be doing that all the time as well. The key is to do it in a way that achieves a maximum comfort level for everyone involved and gets to a positive result.