The Future of Performance Reviews | How Mosquitoes Changed Everything | What Is 'Cash Stuffing?' How an Analog Practice Helps You Save | Entrepreneur

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium The Future of Performance Reviews - Harvard Business Review    Hated by bosses and subordinates alike, traditional performance appraisals have been abandoned by more than a third of U.S. companies. The annual review’s biggest limitation, the authors argue, is its emphasis on holding employees accountable for what they did last year, at the expense of improving performance now and in the future. That’s why many organizations are moving to more-frequent, development-focused conversations between managers and employees. The authors explain how performance management has evolved over the decades and why current thinking has shifted: (1) Today’s tight labor market creates pressure to keep employees happy and groom them for advancement. (2) The rapidly changing business environment requires agility, which argues for regular check-ins with employees. (3) Prioritizing improvement over accountability promotes teamwork. Some companies worry that going numberless may make it harder to align individual and organizational goals, award merit raises, identify poor performers, and counter claims of discrimination—though traditional appraisals haven’t solved those problems, either. Other firms are trying hybrid approaches—for example, giving employees performance ratings on multiple dimensions, coupled with regular development feedback. Continued here How Mosquitoes Changed Everything - The New Yorker    In 1698, five ships set sail from Scotland, carrying a cargo of fine trade goods, including wigs, woollen socks and blankets, mother-of-pearl combs, Bibles, and twenty-five thousand pairs of leather shoes. There was even a printing press, with which the twelve hundred colonists aboard planned to manage a future busy with contracts and treaties. To make space for the luxuries, the usual rations for food and farming were reduced by half. But farming wasn’t the point. The ships’ destination was the Darien region of Panama, where the Company of Scotland hoped to create a trading hub that would bridge the isthmus and unite the world’s great oceans, while raising the economic prospects of a stubbornly independent kingdom that had just struggled through years of famine. The scheme was wildly popular in the desperate country, attracting a wide range of investors, from members of the national Parliament down to poor farmers; it has been estimated that between one-quarter and one-half of all the money in circulation in Scotland at the time followed the trade winds to Panama. The expedition met with ruin. Colonists, sickened by yellow fever and strains of malaria for which their bodies were not prepared, began to die at the rate of a dozen a day. “The words that are repeated to the point of nausea in the diaries, letters, and accounts of the Scottish settlers are mosquitoes, fever, ague, and death,” the historian Timothy C. Winegard writes in his sprawling new book, “The Mosquito: A Human History of Our Deadliest Predator” (Dutton). After six months, with nearly half their number gone, the survivors—except those too weak to move, who were left behind on the shore—returned to their ships and fled north. Still, they kept dying in droves, their bodies thrown overboard. When a relief mission arrived in Darien, they found, of all the wigs and combs and shoes and ambition that had left Scotland, only a deserted printing press on an empty beach. But, Winegard writes, the expedition did have some lasting results: the overwhelming debt from the failure drove the reluctant Scottish to at last accept a unification offer from England. The mosquitoes of Darien led, by an unexpected route, to the birth of Great Britain. Continued here You Might Like � � � � � � � � � What Is 'Cash Stuffing?' How an Analog Practice Helps You Save | Entrepreneur - Entrepreneur    By Madeline Garfinkle • Apr 3, 2023 Budgeting, in theory, has never been easier in the digital age with countless apps and templates to help users manage their savings. However, a new method entirely void of technology is garnering traction after a Texas woman documented a budgeting practice called "cash stuffing" to pay off thousands of dollars in debt. Jasmine Taylor, 31, was drowning in nearly $80,000 in debt in January 2021, per USA TODAY. She tried countless budgeting techniques and nothing seemed to work. Continued here

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