Time for your quarterly performance review …

Punch line: Most companies give employees annual performance reviews, usually laced with pablum. Now, more companies are shifting to quarterly performance reviews – with substance.

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Excerpted from Thomas Friedman, NYT:

The rising trend in Silicon Valley is to evaluate employees every quarter, not annually.

Why?

Because the merger of globalization and the I.T. revolution means new products are being phased in and out so fast that companies cannot afford to wait until the end of the year to figure out whether a team leader or team member  is doing a good job.

Ken’s Take: Quarterly performance review have been a staple at high-octane consulting firms for years … not surprising that the practice is finally catching on.

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