It shouldn’t come as a surprise to anyone paying attention to modern business that the Annual Review process sucks, both for employees and employers. It creates tons of busywork for HR and managers, and it can let performance issues or other problems fester for months before they are resolved. Even if an employer is good about addressing problem issues more frequently, what about employees who excel? The annual review process can leave them behind as well. I can’t put it better than the author of this article, who summarizes that the creators of the Impraise App created the app
…they founded Impraise after getting very little feedback at former jobs, which meant they had very few learning opportunities and felt stalled in their careers.
No learning opportunities and stalled careers? That should concern every employer, because that is one of the quickest ways to send your top talent out the door.
But is an App the answer? I’m not sure, but it’s definitely a creative solution from a generation known for its capacities for disrupting the status quo. It is definitely something that I find intriguing. Check out the article via TechCrunch:
Annual performance reviews are often more like an annual headache for both managers and employees. Impraise, a startup that wants to streamline the process with a mobile app, just raised $1.6 million in seed funding. Investors include Palm Drive Ventures, China Growth Capital, and HenQ. Read More