This employee review system sounds good to me!! It gives equal weight to four areas, rather than simply focusing on financial goals. 1. On-the-job performance, the typical quantitative goals 2. Peer group relationships 3. Management/leadership, or how well you develop the people around you 4. Innovation/best practices It is attributed to Bill Campbell, Silicon Valley's "Secret Coach", in an article in Fortune Magazine. (See the July 21, 2008 edition)
This exercise is from an article by Jim Collins, the author of Good to Great and is consistent with my summer exercise of more "being", less "doing". "Suppose you woke up tomorrow and received two phone calls. The first phone call tells you that you have inherited $20 million, no strings attached. The second tells you that you have an incurable and terminal disease, and you have no more than 10 years to live. What would you do differently, and, in particular, what would you stop doing?"