The document discusses issues with traditional annual performance appraisals, citing surveys that found most employees and HR leaders do not find them accurate, effective, or fair. It notes that few employees receive meaningful feedback, and the process can include vague statements, surprises, and secondhand complaints. In contrast, it promotes agile performance reviews that are collaborative, focus on continuous improvement and coaching, and involve regular feedback owned by self-managed teams. The document argues traditional practices are outdated and businesses need new systems focused on employee growth rather than top-down evaluations.