BW Businessworld
Covid Impact: Companies Moving to Quarterly/Half-Yearly Appraisal System
In the post-pandemic world, the mechanism of employee performance management is set to undergo a radical shift. AI and ML are set to play a more active role as well say, experts
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Pandemic has given a new outlook to performance management of employees within organisations. More and more companies are opting for quarterly or half-yearly appraisal systems instead of yearly while encouraging active feedback mechanisms for scheduled appraisals. Take for example the impact of the pandemic on employees at IndiGo, the country s largest low-cost carrier. My personal belief is that even as we deal with imminent economic turbulence, we need to weigh our balance sheet against employee expectations and find a middle ground that is fair to both. This is best achieved by mid-year check-ins laced with transparent discussions that will help to bring back the focus on potential opportunities,�