Goldman Introduces Real-Time Employee Performance Reviews

Goldman Sachs redesigned its feedback system to be more qualitative, allowing employees to provide timely feedback to managers. This change was driven by employees' desire for constant feedback, not just annual reviews. While millennials benefit from this, the initiative was requested by older employees. The new system may be costly initially but could save money long-term. Annual reviews remain crucial for salary and bonuses.

What changes did Goldman Sachs implement in their feedback system last year?

How did employees express their desire for feedback in the new system?

What demographic was primarily responsible for requesting the new feedback system?

In what ways might the new feedback system benefit younger employees?

What is the significance of the annual reviews in relation to the new feedback system?