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Starting this month, global professional-services firm Accenture will add its name to a growing list of organizations including GE and Deloitte that are ending their annual performance review and ranking systems.

David Brennan, general manager of Achievers, a firm that helps businesses reward and recognize their staffs, tells Fast Company, "There’s a growing understanding within the HR industry that the annual performance review just isn’t a good way to manage people or boost performance."