Many proponents of social technologies believe itâ€™s time to get rid of the formal performance review because it canâ€™t provide benefits such as these. Besides, it seems that everyone can find something to dislike about the exercise. Social proponents believe emerging social technologies provide a better way.
SuccessFactors believes that social tools can add real value as part of a formal performance review process, but that they arenâ€™t a replacement. Instead, it is possible to offer real-time feedback, badges, rankings, and insight into your top performers without losing the proven benefits of the formal approach.