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Do you believe traditional performance appraisal is outdated

Response to the following:

The traditional performance appraisal has been around for quite some time, and some companies are now moving away from this model. Do you believe the traditional performance appraisal is outdated? Why, or why not? What advice can you offer organizations to keep their performance management process relevant? Please include the name of the person or question to which you are replying in the subject line.

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HR Management: Do you believe traditional performance appraisal is outdated

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