What could be the potential societal effects of a majority of employees quitting their jobs due to feeling they received an unfair review?

Alternative strategies to a ratings system could include regular feedback sessions, peer reviews, self-assessment exercises, and goal setting. Regular feedback sessions provide an opportunity for managers to discuss performance directly with employees, highlighting areas of strength and areas for improvement. Peer reviews allow employees to receive feedback from their colleagues, which can provide a different perspective on their performance. Self-assessment exercises encourage employees to reflect on their own performance and identify areas where they could improve. Goal setting involves employees setting specific, measurable, achievable, relevant, and time-bound (SMART) goals, which can help them focus on improving specific areas of their performance.

Global companies like Google and Apple can implement a clear ratings system to improve employee recognition and performance by first ensuring that the ratings system is transparent and understood by all employees. The ratings can be based on both technical and soft skills, and it's crucial that employees understand what each rating means. The system should be perceived as fair to prevent dissatisfaction and potential turnover. A consistent schedule for reviews should also be established, whether it's quarterly, monthly, or even weekly. This allows employees to know when to expect feedback and provides regular opportunities for recognition and improvement.