First company: My manager met with me once over two years. It was 18 months into my just over two years stay, and all she told me was "We don't know eachother at all so I can't really judge your performance." She gave me the standard 7% and we never spoke again.
Second company: It was a huge joke. The CTO invented KPIs that were unattainable and didn't matter, and we were given raises purely because our contract was profitable.
Third company: We had such a ridiculous process of "Write three goals and go over them with your manager", which turned into "Just write anything so HR doesn't complain." The goals were totally useless. Engineers did not have the ability to decide what they worked on or how it went, but the goals implied they did. It was awful and, luckily, did not effect bonus targets.
I honestly think that "performance management" at most companies is a huge joke. I haven't seen it, and none of my peers have seen it, run successfully or be taken seriously. Companies want to pretend they care about your career trajectory and goals only until an employees goals require any legitimate effort from the company's side. The goals/KPIs are pretty much only successful if an employee sets those goals to be "Do whatever their manager thinks they should do", which I would argue isn't a goal at all.
Second company: It was a huge joke. The CTO invented KPIs that were unattainable and didn't matter, and we were given raises purely because our contract was profitable.
Third company: We had such a ridiculous process of "Write three goals and go over them with your manager", which turned into "Just write anything so HR doesn't complain." The goals were totally useless. Engineers did not have the ability to decide what they worked on or how it went, but the goals implied they did. It was awful and, luckily, did not effect bonus targets.
I honestly think that "performance management" at most companies is a huge joke. I haven't seen it, and none of my peers have seen it, run successfully or be taken seriously. Companies want to pretend they care about your career trajectory and goals only until an employees goals require any legitimate effort from the company's side. The goals/KPIs are pretty much only successful if an employee sets those goals to be "Do whatever their manager thinks they should do", which I would argue isn't a goal at all.