Are performance reviews sexist? New research says yes.
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What motivates you to do your best work? Are you driven to beat the competition or earn your boss's praise? Or is it more an internal push to excel? I can tell you what doesn't inspire me and many other workers: the annual performance review, that excruciating corporate exercise where you're forced to reflect on your strengths and weaknesses. It's common for women to struggle with these evaluations, since they require a degree of self-promotion that can be uncomfortable. And there's plenty of research that suggests they're not very effective, so maybe it's time to scrap them in favor of a system that focuses on concrete metrics* over the ability to toot your own horn. The "self-promotion gap" contributes to the gender pay gap and ultimately, to the retirement savings gap. Check out today's edition for recent research on performance reviews.
* Speaking of metrics, one I'm measured on is how many subscribers open this newsletter, so thank you for reading!
Best wishes,
Elizabeth
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Plenty of stores still accept them, but that's not how I use mine.
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RETIREMENT NEWS FROM AROUND THE WEB
Don't Panic if You're Turning 70.5 This Year and Get an RMD Statement in the Mail
Some financial institutions didn't have enough time to adjust their systems to the SECURE Act, which was passed late last year and changed the age requirement for required minimum distributions to 72. KIPLINGER
Tips for Older Job Seekers Going Back to Work
Ageism is alive and well in the workplace, but older workers can fight back. Listen to the podcast to learn how. AARP
Find Me a Walkable, Affordable Beach Town to Spend the Winter on a Retirement Income of $95,000
A retirement writer helps a couple answer the question, where should I retire? MARKETWATCH
How to Spot This Bull Market's Madoffs Before They Get Your Money
Beware promises of high yields, and other sound advice for spotting frauds. CNBC
ABOUT ELIZABETH
Elizabeth O'Brien is a senior writer at MONEY. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.
MONEY may receive compensation for some links to products and services featured in this message. Offers may be subject to change without notice.
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