Stack Ranking

A vitality curve is a performance management practice that calls for individuals to be ranked or rated against their coworkers. It is also called stack ranking, forced ranking, and rank and yank. Pioneered by GE's Jack Welch in the 1980s, it has long been a controversial practice due to its negative effects on employee morale and potential for bias and discrimination. Many companies have abandoned the system in recent years, including GE, Microsoft, and Goldman Sachs. As organizational behavior expert David A. Thomas put it, "companies are playing their version of 'Survivor'". https://en.wikipedia.org/wiki/Vitality_curve

Performance reviews in open allocation companies are handled in a variety of ways. Valve Software uses stack ranking driven by peer review to determine raises and bonuses, but unlike the hated stack-ranking regimes of some other technology companies, these do not initiate termination or interfere with internal mobility, but are strictly used to determine compensation. https://en.wikipedia.org/wiki/Open_allocation