The Evolution of Accountability in Business

Accountability in business has shifted significantly from past practices where companies employed strict performance management strategies such as stacked ranking and forced rankings. Many organizations, including large tech firms, previously terminated bottom-performing employees annually to maintain high performance levels. However, today's labor market, characterized by low unemployment and a shortage of skilled workers, necessitates a more engaging approach to evaluating performance. Instead of punitive measures, businesses are now recognizing the value of fostering employee engagement and collaboration to drive accountability and performance.