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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.
Here are some types of performance appraisals:Negotiated appraisal.Management by objective (MBO)Assessment center method.Self-appraisal.Peer reviews.Customer or client reviews.Behaviorally anchored rating scale (BARS)Human resource accounting method.
Self-assessment: Individuals rate their job performance and behavior. Peer assessment: An individual's workgroup or coworkers rate their performance. 360-degree feedback assessment: Includes input from an individual, supervisor, and peers.
Four Steps To Effective Performance ManagementStep 1: Getting The Right People. In sports, the coaches with the best records are usually the best recruiters; the same applies in the workplace.Step 2: Setting Expectations.Step 3: Performance Coaching.Step 4: Getting Rid Of The Poor Performers.Conclusion.
The most common types of appraisal are:straight ranking appraisals.grading.management by objective appraisals.trait-based appraisals.behaviour-based appraisals.360 reviews.
Key performance indicators might include:Timeliness.Attention to detail.Creativity and innovation.Good time management.Ability to perform in all key areas of role.Consistency.Initiative.
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.
Six modern performance appraisal methodsManagement by Objectives (MBO)360-Degree Feedback.Assessment Centre Method.Behaviorally Anchored Rating Scale (BARS)Psychological Appraisals.Human-Resource (Cost) Accounting Method.
Quality: Number of defective products, performance errors, customer feedback etc. Speed: Project completion times compared to estimated times of delivery, everyday tasks completion time, units manufactured per day etc. Cost: Payroll costs per employee compared to annual revenues or per project.
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.