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Why Is Performance Review Important And How Does It Work?

  • In the age of tech layoffs in particular, it is crucial to do well in performance review consistently. A lot of companies stack rank as well, where every performance review cycle, 5-15% of the lowest performing engineers are cut.
  • 4 core steps of performance review:
    • Understand the yardstick (ratings)
    • Understand the process (how your rating is generated)
    • Prepare for success (come up with a plan)
    • Execute (go through the cycle and hit the calibration process at the end)