What is performance appraisal?
Performance appraisal is the part of the performance management process that identifies, measures, and evaluates the employee’s perfor-mance, and then discusses that performance with the employee. The performance management tools that we use need to be valid and reliable, acceptable and feasible, and specific.
What is an employee appraisal?
Employee appraisals form the basis for performance management to meet company goals or objectives. Individual performance evaluations and company-wide strategies work to enhance employee job performance, reduce job losses and maintain the health of the business.
What if performance appraisal methods and forms are not accurate?
As discussed earlier in this chapter, if the performance appraisal methods and forms are not accurate measures, the entire performance appraisal process will have problems. Therefore, the organization should have its own HR specialist or hire consultants to develop the assess-ment process and measures.
What is performance management?
Performance management is the process of identifying, measuring, managing, and developing the perfor-mance of the human resources in an organization. Basically we are trying to figure out how well employees perform and then to ultimately improve that performance level.
Objectives of Performance Appraisal
The major objectives of performance appraisal are as follows: 1. Keeping records to decide stipend structure, bonuses, etc. 2. Assigning the right tasks to the right employees after evaluating their strengths and weaknesses. 3. Identifying and evaluating the potential of an employee for further growth and development. 4. Providing feedback and posi
Benefits of Performance Appraisal
Undertaking a proper performance appraisal plancan help a company/organization in the following ways: 1. Deciding upon the promotion or dismissal of the employees. 2. Deciding upon the salary/stipend structure of the employees. 3. Boosting employee development. 4. Establishing clear and effective communication between employers and employees. 5. Mo
Example of Performance Appraisal
Here is an example of the performance appraisal of an employee: ABC company has done significantly well in the last few months. There has been a considerable reduction in overhead costs and the production has improved by 39%. Undoubtedly, it is because of the employees who managed to achieve their goals. Based on the feedback we have received so fa
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Differences between Performance Appraisal and Performance Management.
Performance Appraisal performance appraisal process Performance appraisal method Human Resource
