Assessments at some point at least appeared to be a meritocracy. The current iteration tries to balance fairness across teams that may be stronger and weaker. If you are a minority or a female, whether you are good at your job, whether you do anything positive, and even if you su-k, don’t worry, you will be lifted up to the top, and likely beat out many people who did 5-10x as much work as you did. That’s insane to think about. Even if you su-k at your job and it’s universally agreed upon by anyone who works with you or sees what you do that you su-k, if all available data supports that you su-k, if the right people like you, that’s all that matters.
I wonder how that’s going to go for our share prices in the long run.
Assessments can work if they’re a meritocracy and are fair.
Gone are the days where there’s a list of questions of performance dimensions where we treat the true people who do all the work and reward them for their work. it’s now just subjective and how your boss feels or how they think the upper management would look at where they placed you. And then HR will make sure if you’re a minority or a female that you get a handicap.
This is going to be why our share price falls - all the committed hardest working highest impacting people who increase our stock price in ways that are not headcount cuts - they’re all going to quit. And then we’ll reduce costs from low headcount, but also have no competitive margin to actually deliver the things we say we will deliver.