Additional Posts in Consulting
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Which FAANG companies have non-tech PM roles?
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Best personal finance book and/or web resource?
Are we getting paid tomorrow or next week
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I'm a Manager at McKinsey. AMA 🙃
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Thanks for the above. I like the design...so why is it that everyone is just as upset about this as they are with traditional systems? Maybe all systems fail because after a certain point, the differences in performance are subjective and arbitrary?
You nailed it EY1. If I like to go drinking with my BTA or C and their work is satisfactory they get top marks. If I don't like them and their work is satisfactory they are middle of the pack. If i don't like them and their work is excellent, I'm still human. The problem, especially for tech, is that our projects are long. We don't get lots of small snapshots, we get a handful of huge ones.
https://hbr.org/2015/04/reinventing-performance-management
Population size isn't large enough to be truly objective
@ey that is exactly it. At the end of the day people want to work with people they like. If your superiors like you they'll find a way to justify a good rating and if they don't they'll find a way to justify a bad one.
Thanks DD1. Interesting article. Does this mean your snapshots are also just those 4 questions? Or is there still some kind of breakdown of better at this, worse at that? I agree that overall assessments can vary a lot by rater for similar people, but think that's more a function of differential weighting across a portfolio of skills, than differential assessment on a skill-by-skill basis. As long as the skills being evaluated are clear, with reasonably well articulated benchmarks for different skill ratings.
Those 4 questions, in combination with a number of other factors go into the final rating. We'll see how it goes
Good luck on making it work - for you and the firm. Not sure if it's the right answer, but revamping performance management is certainly a good question.
So the problem is that we think our firms should be egalitarian meritocracies vs. the tribal clans that have existed for thousands of years.