Traditional performance reviews are outdated, leading to stress, bias, and lost potential. These reviews focus too much on the past, offering little opportunity for growth and improvement. Companies waste 30% of employee potential by not optimizing performance management systems. A new model emphasizes continuous, growth-focused feedback. By shifting from a fixed mindset to a growth mindset, employees are encouraged to develop and innovate. Integrating competencies like leadership and collaboration, alongside embracing AI-driven tools, organizations can create a more proactive, inclusive performance culture, driving talent development and employee retention.

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