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The term performance appraisal refers to the regular review of an employee's job performance and overall contribution to a company. Also known as an annual review, performance review or evaluation, or employee appraisal, a performance appraisal evaluates an employee's skills, achievements, and growth, or lack thereof.
Performance appraisal allows you to provide positive feedback as well as identifying areas for improvement. An employee can discuss and even create a developmental (training) plan with the manager so he can improve his skills. It motivates employees if supported by a good merit-based compensation system.
Beatty and Schneier have categorised various methods of appraisal into four groups: comparative methods, absolute methods, goal setting, and direct indices. A more widely used classification of appraisal methods into two categories, viz., traditional methods and modem methods, is given by Strauss and Sayles.
Performance appraisals offer a great opportunity to show your achievements, identify your strengths and weaknesses, and improve your future performance but only if you prepare correctly. Knowing how to answer performance appraisal questions will help you get the most out of your review.
Performance appraisals are essential for the growth of a company and the employee. It helps the company to find out whether the employee is being productive or is a liability. It helps the employee to find out where his / her career is heading. It is an essential part of HR management.
Top 7 elements ideal employee performance appraisalDefined Goals and Objectives.Continuous Feedback.Configurations Flexibility.Self Evaluation.Compensation and Rewards.People Analytics.Performance improvement plan.Overall Assessment.
7 Best Practices for an Effective Employee Performance ReviewPrepare Beforehand.Use Tactful Communication.Provide Concrete Examples.Try 360 Degree Feedback.Put Performance Requirements In Your Employee Handbook.Make Performance Reviews an Ongoing Process.Track the Impact of Reviews.02-Aug-2019
To create a performance evaluation system in your practice, follow these five steps:Develop an evaluation form.Identify performance measures.Set guidelines for feedback.Create disciplinary and termination procedures.Set an evaluation schedule.
The Four Essential Elements of Performance ManagementElement 1 Purpose is well defined.Element 2 Outcomes are well designed.Element 3 Accountability is nurtured.Element 4 Teams are your leverage point.
10 Tips for Conducting a Productive Performance AppraisalActually do them.Be prepared.Set an agenda (and get your employee to contribute to the agenda)Do them in a comfortable, safe space.Be positive.Be honest.Set SMART goals.Discuss their career development (the future, not just the past)More items...