Performance Appraisal
Evaluating Progress and Driving Growth in Your Organization
Performance Evaluation
A performance appraisal is a 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.
Promotion
Performance Appraisal helps the supervisors to chalk out the promotion programmes for efficient employees. In this regards, inefficient workers can be dismissed or demoted in case.
Talent Acquisition and Retention
Performance Appraisal helps in chalking out compensation packages for employees. Merit rating is possible through performance appraisal. Performance Appraisal tries to give worth to a performance. Compensation packages which includes bonus, high salary rates, extra benefits, allowances and pre-requisites are dependent on performance appraisal. The criteria should be merit rather than seniority.
Selection Validation
Performance Appraisal helps the supervisors to understand the validity and importance of the selection procedure. The supervisors come to know the validity and thereby the strengths and weaknesses of selection procedure. Future changes in selection methods can be made in this regard.
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Performance Appraisal Tools and Techniques
- Ranking 7- Checklists
- Paired Comparison 8- Graphic Rating Scale
- Forced Distribution 9- BARS
- Confidential Report 10- Forced Choice Method
- Essay Evaluation 11- MBO
- Critical Incident 12- Performance Test
Integration
Incorporating advanced software to streamline and enhance performance evaluation processes efficiently.
Multisource Feedback
Utilizing diverse input channels to gather comprehensive insights for fair assessments.
Continuous Monitoring
Implementing real-time tracking systems to provide timely feedback and drive improvement.
Data Analytics Utilization
Leveraging analytics tools to derive actionable insights for informed decision-making.
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