Meta Platforms Inc. just became the latest tech company to rejig its performance review process to hone in on an employee’s output, as opposed to effort.
The company is rolling out a new performance review platform called Checkpoint, which will grade workers, grouping them into four categories and rewarding top performers for exceptional work, according to internal documents obtained by Business Insider.
“We’re evolving our performance program to simplify it and placing greater emphasis on rewarding outstanding performance,” a Meta spokesperson told Fortune. “While our employees have always been held to a high-performance, impact-based culture, this new direction allows for more frequent feedback and recognition in a more efficient way.”
The memo outlined the predicted distribution of outcomes and pay multipliers for base bonuses. About 20% of employees will be labeled “Outstanding” and will be eligible for a bonus double their pay; 70% will be labeled “Excellent” with a 115% pay bonus; around 7% will fall into the “Needs Improvement” category, eligible for a bonus up to 50% of pay.
Around 3% of employees may be labeled “Not Meeting Expectations” and will be ineligible for a bonus. On the other hand, the system will reward top performers with bonuses worth up to 300%.
