Workplace

Experts say it’s because the 80 million Millennials entering the workforce are obsessed with instant feedback, just like they get from Facebooking and Tweeting. So, the thought of waiting 365 days to find out how they’re doing is unthinkable.

Companies are scrambling to adopt the Millennial mindset. For example, Facebook executives now give junior employees 1 minute feedback notes all the time, like “You raised good points at today’s meeting," or “You should include more graphics in your next presentation.” 

The old annual review was so loaded with information — from discussing past performance, to setting future goals, and discussing pay - that workers had trouble absorbing it all. And more often than not, employees just dwelled on the criticism.

But executives say that giving more feedback keeps employees improving and informed. For example, at the company Grasshopper, which makes virtual phone systems, they have reviews every two weeks. Managers and employees meet one-on-one for 30 minutes to discuss big issues – like  "I want new responsibilities" - and small ones, like "Can I move my desk?" They also discuss performance during the past two weeks and set goals for the next 2.

Basically – it’s the new review model a lot of companies are embracing. Because employees like being praised for their strengths, and appreciate being notified of areas where they can improve before it spirals into a big problem.