This is patently dangerous from many perspectives. Larger companies have written performance evaluations that allow for comments from the supervisor to the employee and vice-versa . These organizations know that this process is not about giving or getting raises. A performance evaluation is all about getting and making certain that the employee understands what is expected of them and measuring their performance to that standard. The owner usually does not know what is going to happen from one day to the next.
Large companies have process and procedures for everything.
A classic example of this is McDonald's. When Ray Croc bought the hamburger chain, he did not think that the company sold great food. When a system is in place, and the process is teachable, then the firm starts to build a foundation for growth. This means that the large business focuses on profit and loss statements by product line, by customer, by state, by sales rep, by broker, by office, by whatever. Most small-business owners manage their entire financial system by measuring the balance in their checking account by calling the bank.