Performance Appraisal
1.
Introduction
The word "performance appraisal" refers to the
process of evaluating an employee's job performance and overall contribution to
an organization on a regular basis. A performance assessment, also known as an
annual review, performance review or evaluation, or employee appraisal,
assesses an employee's abilities, accomplishments, and growth, or lack thereof
The systematic examination of employee performance and
understanding of a person's talents for future growth and development is known
as performance appraisal
2.
Objectives of Performance Appraisal
Performance Appraisal can be
done with following objectives in mind:
2.1 To
maintain records in order to determine compensation packages, wage structure,
salaries raises, etc.
2.2 To
identify the strengths and weaknesses of employees to place right men on right
job.
2.3 To
maintain and assess the potential present in a person for further growth and
development.
2.4 To
provide a feedback to employees regarding their performance and related status.
2.5 To
provide a feedback to employees regarding their performance and related status.
2.6 It
serves as a basis for influencing working habits of the employees.
2.7 To
review and retain the promotional and other training programmes.
3.
Advantages of Performance Appraisal
3.1 Performance
improvement
Employee performance is always the goal of appraisal systems.
It aids in the analysis and evaluation of potential opportunities such as
technology and social processes
3.2 Development
of Employees
Appraisal systems assess whether employees require additional
training and serve as a main source of information about the employees' capabilities
and potential
3.3 Corrective
Actions
Employee deficiencies can be identified and corrective action
implemented via the appraisal system
3.4 Career
Planning
Because it aids in the preparation of a SWOT analysis for each
individual, performance appraisal is a significant tool in the case of career
planning for employees
3.5 Promotions
Performance appraisal also aids management in making decisions
concerning employee promotions, transfers, and prizes.
3.6 Motivation
Performance appraisal is used to motivate employees. If a
person's efficiency can be determined by evaluating their performance, the
targets can be met. This effectively inspires a worker to do a better job and
aids in future performance improvement
4. References
Chand, Smriti;. (n.d.). Your Article Library.
Retrieved May 08, 2022, from Your Article Library:
https://www.yourarticlelibrary.com/human-resource-development/advantages-and-disadvantages-of-performance-appraisal-of-employees/32370
Dagar, A. (2014). Review of Performance Appraisal. Academia,
9.
Hayes, Adams;. (2021, August 22). Investopedia.
Retrieved May 08, 2022, from Investopedia:
https://www.investopedia.com/what-is-a-performance-appraisal-4586834#:~:text=The%20term%20performance%20appraisal%20refers,and%20growth%2C%20or%20lack%20thereof.
Juneja, Prachi;. (2022). Management Study Guide.
Retrieved May 08, 2022, from Management Study Guide:
https://www.managementstudyguide.com/performance-appraisal.htm
You have given us sa good overall idea about performance appraisal through this.Good one.
ReplyDeleteEmployee evaluation is a must. Evaluation time periods can vary from one organisation to another ( Yearly, Half year, Quarterly). It's better to have a system to conduct appraisals. By doing these evaluations on and rewarding employees will directly impact on the organisation performance.
ReplyDeleteEmployee evaluation is plays a major role in HRM and Employees careers. If staff performed well only, an organisation will have good move.
ReplyDeleteWell done.
Good article. You have mentioned advantages & impact for the business. This will causes retention of staff in the company.
ReplyDeleteAll the best !!!
Performance appraisal serve as a link between human resource management and the overall contribution of the employee to the organization. Article clearly showcase the importance performance appraisal in HRM. Good luck.
ReplyDeletePerformance should be evaluated in each organization. If there are any deficiencies in the organizational performance this will lead to filling. This is an important function of HR. Nicely explained well done
ReplyDeletePerformance appraisals are critical for a company's and an employee's progress. It assists the company in determining if the employee is productive or unproductive. It assists the employee in determining the direction of his or her career. All the best!!
ReplyDeleteThis is a segment where almost all the employees undergo on an annual or semi annual basis in an organization. This blog of yours' provides us the key aspect and understanding on the process of the Performance Appraisal.
ReplyDelete