At Lyft: everyone submits a self-evaluation + nominates a few people for peer reviews. Managers in each org get together in "calibration", they review each individual, that person's manager proposes a level and (I believe) some quorum of managers on the calibration panel need to agree for the level to be set. Happens 2x/yr. How does it work at other big tech companies? Facebook, Google, etc. — is it similar?
That’s pretty common throughout industry.
This is one thing I like about working at a small company, you don't have to do this. Of course you have to beg for a performance review at all...
Yeah the same except we actually can measure impact on profit! Hey-oooooh
same at Apple
Similar at Amazon but happens once a year. Usually get a crappy raise which doesnt keep up with inflation or allow for any real growth but we get stock and bananas.
Same at MS but once a year raise happens
Same at FB