Legacy annual performance reviews are increasingly seen as outdated in talent management. Across U.S. and global boardrooms, executives are questioning the value of once-a-year appraisals that often cause anxiety but lead to little actionable improvement. In their place, a new approach of continuous performance management is emerging – one that focuses on real-time feedback, clear results, and data-driven fairness. Recent surveys show a widespread lack of trust in traditional review processes among both employees and managers, creating urgency for change.