The only thing the formal review is good at is integrating the assessment of an individual's performance into the company-wide HR machine for compensation. As long as its treated that way by both manager and employee I think it can receive the "democracy" descriptor - it's the worst method apart from all the other ones.
In order to set someone up for success in growth the two sides need to have an actual plan, preferably with a lot of small steps defined in order to provide a greater sense of accomplishment, earlier and more frequent opportunities for feedback, and a more accurate measure of progress as the year goes on.
One thing I tried, back when I was a dev manager, was to define as clearly as possible what it would take for the employee to get from a 3 to a 3.5 or 4 in whatever category. Then monthly or whatever interval I could provide feedback as to how they were tracking towards that goal so you don't get that 'surprise' at the end of the year. It was my attempt at applying the maxim "if something's painful, do it more frequently" to something that I found very painful.
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The only thing the formal review is good at is integrating the assessment of an individual's performance into the company-wide HR machine for compensation. As long as its treated that way by both manager and employee I think it can receive the "democracy" descriptor - it's the worst method apart from all the other ones.
In order to set someone up for success in growth the two sides need to have an actual plan, preferably with a lot of small steps defined in order to provide a greater sense of accomplishment, earlier and more frequent opportunities for feedback, and a more accurate measure of progress as the year goes on.
One thing I tried, back when I was a dev manager, was to define as clearly as possible what it would take for the employee to get from a 3 to a 3.5 or 4 in whatever category. Then monthly or whatever interval I could provide feedback as to how they were tracking towards that goal so you don't get that 'surprise' at the end of the year. It was my attempt at applying the maxim "if something's painful, do it more frequently" to something that I found very painful.