Summary List Placement
As Amazon starts notifying employees about their annual compensation this month, Insider interviewed over a dozen employees, including managers, and reviewed leaked documents to reveal new changes and insights into the company’s opaque performance review process.
Among the insights based on documents and sources: Amazon managers are expected to rank 5% of employees at the lowest tier, and even the most senior executives, including incoming CEO Andy Jassy, have a fixed target rate of employees they are expected to replace every year. And while Amazon has introduced a new grade to make the process slightly more transparent, the company still conceals much of its performance-measuring process from employees.
One new policy introduces a performance rating metric, with managers telling their direct reports where they rank on a scale from “needs improvement” to “achieves” to “exceeds.” The new directive adds a dose of clarity to Amazon’s secretive performance review system that left employees guessing about their performance review ratings, as Insider previously reported.
However, those new ratings don’t have a direct relationship with the metrics that managers use behind the scenes to determine compensation and raises. Even with the increased level of transparency, Amazon employees say they feel left in the …read more
Source:: Businessinsider – Tech