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Goldman Sachs dumps staff numerical-ranking system

Wall Street firm shakes up performance reviews as workers seek 'more frequent and constructive feedback'

Thursday 26 May 2016 at 09:57

Edith Cooper, global head of human capital management for Goldman Sachs
Edith Cooper, global head of human capital management for Goldman Sachs Photo: Getty Images

Goldman Sachs is shaking up performance reviews for its roughly 36,500 workers.

The Wall Street bank is eliminating numerical rankings in employee reviews starting in June, and this fall will experiment with an online system where employees can give and receive continuous feedback on their performance.