Google is adjusting its performance review process to emphasize and reward higher performance among employees. The company announced a new structure that allows more employees to achieve top ratings, which in turn increases their bonuses and equity awards. This change, communicated by VP John Casey, aims to instill a stronger performance culture by rating employees based on their impact from "not enough impact" to "Transformative Impact." The move is designed to motivate productivity while providing managers with a greater budget to reward outstanding contributions.
John Casey emphasized in his email, "High performance is more important than ever," indicating Google's commitment to rewarding top performers to strengthen its performance culture.
The revamped performance ratings aim to increase the number of employees receiving the 'Outstanding Impact' score, thus broadening the reward structure across the company.
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