Goldman Sachs’ performance reviews has some staffers ‘humble bragging’ about assessing their colleagues
Hi. I''m Aaron Weinman. Goldman Sachs'' "Strategic Resource Assessment," or SRA, enables the bank to cull low-performing bankers at the end of the year. Let''s unpack the process, which staffers have described as a stressful exercise that piles on an already hefty workload. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Goldman Sachs'' staffers are burning the midnight oil to determine their colleagues'' jobs and bonuses. The bank''s employees solicit feedback from colleagues about how they embody Goldman''s culture, among other things, and it''s part of how Goldman determines who gets axed at the end of the year. Three employees described the process as a stressful, labor-intensive rite of passage. It''s time consuming, and can involve currying favor among peers to ensure they vouch for you when you''re under the microscope. Reviewers must rate colleagues as "outperforming," "meeting expectations," or "underperforming" across different categories. Some of those categories involve embodying the "One Goldman Sachs" way, which includes teamwork and collaboration across business lines, and being cognizant of risk and control-related issues.
Goldman Sachs’ performance reviews has some staffers ‘humble bragging’ about assessing their colleagues
Hi. I''m Aaron Weinman. Goldman Sachs'' "Strategic Resource Assessment," or SRA, enables the bank to cull low-performing bankers at the end of the year. Let''s unpack the process, which staffers have described as a stressful exercise that piles on an already hefty workload. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Goldman Sachs'' staffers are burning the midnight oil to determine their colleagues'' jobs and bonuses. The bank''s employees solicit feedback from colleagues about how they embody Goldman''s culture, among other things, and it''s part of how Goldman determines who gets axed at the end of the year. Three employees described the process as a stressful, labor-intensive rite of passage. It''s time consuming, and can involve currying favor among peers to ensure they vouch for you when you''re under the microscope. Reviewers must rate colleagues as "outperforming," "meeting expectations," or "underperforming" across different categories. Some of those categories involve embodying the "One Goldman Sachs" way, which includes teamwork and collaboration across business lines, and being cognizant of risk and control-related issues.