If a company doesn't have consistent metrics for performance reviews uniformly across teams, get out of that company yesterday. That's just a hotbed of nepotism.
Just proves the point, this person just cargo culted what makes google so famous in recent years. If you only metric is to launch new projects, you’re only gonna launch new projects. Who’s gonna get promoted for maintenance.
>Conceptual examples (not looking to argue about the specific bar)
Again, not trying to debate what the specific bar should be, just giving examples of the kind of metrics you can use. What's your preferred alternative? Lines of code? Whenever your boss feels like it? Stuff like that is why no one believes a "senior staff superstar" from the hot startup of the week is any good and requires them to do whiteboarding.
With sufficient granularity there is no difference. I can't give exact quotes without violating NDAs but variations on these have been the performance review standard at every major company I've worked at or known people who work at.
The metrics which determine if someone gets promoted. Those decisions are being made by some group, presumably with guidelines. If the process for getting promoted is "this group does whatever they feel like" that company is a disaster and you need to get out.
Thus, there are rules, and they are written down. If they're not visible to normal employees, they guess the rules based on who they see get promoted (cargo cult) while the committee uses the true metrics.
It's not like becoming a manager is a secret cult where you're dropped in and you suddenly have carte blanche to do anything. At established companies there are rules and procedures, and while you will likely have access to more information than individual contributors, you won't just be promoting whoever you feel like without having to go through others.