New research reveals what employees find fair, what motivates them to perform, and where many organizations go wrong when it comes to feedback, compensation, and annual ratings and reviews. On this episode of McKinsey Talks Talent, talent experts Bryan Hancock and Brooke Weddle speak with global editorial director Lucia Rahilly about new research on what drives performance: what motivates employees most, what matters less than you think, and the changes organizations need to make to ensure their feedback, ratings, and review processes are on track.

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What works—and doesn’t—in performance ma...