Goldman Sachs Introduces Real-Time Employee Performance Reviews
- The bank debuted Ongoing Feedback360+ to employees this week
- Firm follows similar performance initiative at JPMorgan
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Goldman Sachs Group Inc. introduced a new system for performance reviews this week, giving employees the ability to send and receive real-time feedback with managers throughout the year.
Called Ongoing Feedback360+, the initiative follows Goldman Sachs’s redesign of its annual review processes last year, Chief Executive Officer Lloyd Blankfein said in a note to employees on April 13 that was also signed by co-presidents David M. Solomon and Harvey Schwartz. Employees then asked for more frequent and timely interactions, Blankfein said.