How do you feel about the fact that the company currently does not have formalized Performance Review and 360 processes?

The lack of formalized processes for Performance Review and 360 in the company is both a challenge and an opportunity. On one hand, such processes help structure feedback, identify areas for growth, and motivate employees. Without them, it may be more difficult to objectively assess effectiveness and development.

On the other hand, the absence of formalities provides flexibility and the opportunity to build communication more informally and personally. It is important that the company fosters a culture of open dialogue and regular feedback, even if it is not documented.

If I join such a company, I would suggest gradually implementing elements of formal processes, adapting them to current needs and culture, to avoid creating unnecessary bureaucracy but to increase transparency and motivation.