What is a performance appraisal?
A performance appraisal
can be explained as a review or an evaluation carried out quarterly, bi-annually
or annually, of the achievement or the performance of the employee against the
target set by the organization. Appraisals can help to identify the position
where the employee stands and helps to decide on the actions which should be taken
to appreciate or revive for improved performance.
In the modern days, the
performance appraisal methods heavily depend on the outcomes and achievements
of the employees rather than focusing other areas such as the personality and traits.
Why implement a modern appraisal method
The modern methods help
the management to identify the key competencies, strengths and weaknesses of
their employees since it is more transparent and accurate. Through this, the
management can identify required training and skill development programs for
the specific employees.
Modern performance
appraisals are decisive in increasing the efficiency and productivity of
employees as they indicate the actual illustration of current performances.
The company can clearly
define and communicate its desired goals and objectives laid down for each
employee category. And align the direction of employees with the overall vision
of the organization.
Finally, identifying and improving employee’s abilities, skills and competencies to offer rewards according to their performance can increase the employee engagement and retention with the company.
Brief introduction of few Modern Performance Appraisal method
1. Management by Objectives (MBO) – Supervisors and employees identify, organize and communicate the objectives which are to be achieved. SMART goals are set and reviewed periodically by the supervisors and rewarding is done depending on the achievements.
2. 360-Degree Feedback Method – Employees are evaluated depending on multidimensional feedbacks received from the particular employee’s managers, supervisors, peers and other colleagues.
3. Assessment Centre Method – Employees are assessed through the participation of employees in several activities such as role-plays, discussions and work groups. The employees and supervisors can identify the abilities and skills after evaluation.
4. Human Resource Account Method – The performance of an employee is evaluated in terms of financial/monetary benefits the company gets while considering factors such as overheads and other inputs.
Conclusion
Accurate and transparent
evaluation is highly critical for an organization. Hence the modern appraisal methods
can help the company to productively make use of the human capital towards
organizational and employee growth.
References
Ilgen, D. R. and Feldman, J. M. (1983)
“Performance appraisal: A process focus,” Research in Organizational Behavior, 5, pp. 141–197.
Pocket HRMS, n.d. Pocket HRMS. [Online]
Available at: https://www.pockethrms.com/blog/7-modern-performance-appraisal-methods/
[Accessed 07 04 2022].
Well written article but on the other hand how many organisations following the appraisal without bias approach. If appraisal process doesn't link to compensation and benefits it will be mere document and employees will not take it seriously
ReplyDeleteYou have explained important subject about performance of employees.every employee in company waiting for their appraisals in every year by quarterly,bi annual or annually.the modern appraisal method is define productivity of employees well.
ReplyDeleteGood luck.
This is a really informative essay regarding performance appraisal. You have clearly outlined what performance assessment entails, including ways for measuring employee performance. Best wishes.
ReplyDeleteAs explained, an effective performance evaluation process is very important to ensure organisational success. Using a modern process will ensure accurate analysis of employee performance, identify their training requirement and ensure transparency. Good article.
ReplyDeletePerformance evaluation is a key task of an entity. Modern methods were well explained.good job done.
ReplyDeletePerformance appraisal is an excellent tool to realize the status of employees. This will not only benefit the employer but also the employee. Eventually this will lead to organizational success. The modern evaluation methods used in your article are awesome.
ReplyDelete