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In every dev job that I've had, I've had a yearly meeting with a manager to set objectives. Then we forget about them for a year. Then we assess my performance against them.
Why?
Once I suggested to a manager in the assessment meeting that I was bound (on a scale of A to E) to get B or C, so why don't we agree on one of those now and... meeting over? She didn't go for it, but I was right about the grade I would get.
I can't remember any objective that I've had in any of my jobs. I never did anything differently because of an objective, and how could I, as I never knew what they were? But there's a charade that we have to go through, presumably because people in management think there's some value in it, and that it affects something. It appears to be a positive thing, but in practice is achieves nothing.
So, today I have to write a self-assessment of performance against my objectives. Instead of that, I'm procrastinating by writing this.