In a famous Leadership IQ study, we surveyed 48,012 CEOs, Managers & Employees about their performance appraisals. Here's the shocking results: Only 13% of Managers & Employees thought their performance appraisals were effective. And only 6% of CEOs thought their appraisals were effective. We also discovered that only 14% of employees say their performance appraisal conversation offered meaningful and relevant feedback.

So are we
 a) continuously allowing people work on what they like to do, with minimum overhead, or
 b) adding makeup to broken processes

Read Esther Derbys excellent followup