Not really. In my experience management largely doesn't like it and neither do the employees. I think it is mostly designed to document issues with low perform

Not really. In my experience management largely doesn't like it and neither do the employees. I think it is mostly designed to document issues with low performers to have as evidence for their eventual termination. I try to use it to improve and there are some suggestions that help and in theory it can better align manager and employee expectations. I use it to explain my long term career goals to my manager so he knows what I need and he can relate to me if he wants me to make any changes to reach the goals of the group and company.