[rant] the tone deafness of the process is in the fact that the company is okay letting perfectly good people go for some self congratulatory metric. The company has a high interview bar, if I may claim so myself. So it's perfectly possible that all 5 people in a team are doing good work. But now you are forced to push someone out because "we only retain the best".
They are okay losing people, okay losing the investment done in them, okay losing the knowledge of systems they acquired for a rule someone in the HR made because they read a study on it. What a bunch of buffoons really.
that'd be true if peer reviews carried any weight. Management just seems to ignore it and go with whatever they want anyway. You can't challenge the final ratings so it's a one way street.
360 degree reviews. Peer reviews, manager reviews all that shenanigans. None of that matters anyway because in the end 5- 10% people will be fired based on curve.
How satisfied am I with it? I hate it and it's the sure shot way to ruin mental health of your employees.
Tools used: Workday (which deserves a special place in hell itself)