The age-old method of performance reviews has been a single dimension exercise that does not suit today's work. Today, we work in smaller & more nimble project teams - with ever-changing goals and objectives.
Not performance management.
A yearly review process no longer works for your teams. Getting a rating at the end of 12 months does not help your employees develop themselves. They are looking for ways to scale up and build a better version of themselves.
Today, your employees want a process that gives them regular feedback for personal development. Learning faster, growing faster and having a sense of achievement. Organizations globally are looking for ways to enable this for their employees.