The Josh Bersin Company Performance Management Revisited and The Ray Dalio Dot Collector
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Nov 12, 2023 
Ray Dalio, renowned for his groundbreaking work in performance management at Bridgewater Associates, shares valuable insights on evaluating performance in today's workforce. He discusses the idea of a feedback-rich culture and how too much feedback can be counterproductive. The conversation highlights the evolution of performance management towards continuous evaluation, emphasizing the importance of balancing results with company values. Dalio also advocates for developmental approaches over traditional ratings, promoting a growth mindset to enhance collaboration and innovation.
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The Dot Collector at Bridgewater
- Ray Dalio's Bridgewater Associates uses a "Dot Collector" software for constant employee evaluation.
- Dalio prioritized his own perceived credibility within the system.
Performance Evaluation Challenges
- Evaluating employee performance is crucial but complex, easily becoming subjective and judgmental.
- Traditional yearly evaluations by managers are insufficient in today's dynamic work environments.
Project-Based Performance Evaluation
- Evaluate employee performance based on project contributions, acknowledging that projects can fail for various reasons.
- Implement regular feedback processes focused on behaviors and outcomes within specific projects.