The Importance Of Performance Appraisal

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Performance appraisal is a method to evaluate the job performance of an employee. The overall objective of performance appraisals is to measure and develop the performance of employees and enhance their future potential and significance to the company. The process should comprise a minimum of four elements: initial goal setting, monitoring and data availability, continuous feedback, and annual assessment. The initial goal setting explains how all employees should have goals. The performance appraisal process is commonly used to make sure that every member of the organization sets and achieves effective goals. The performance appraisal procedure allows the organization to give a clear-cut understanding of the performance expectations to every …show more content…

Monitoring performance between plan approval and formal appraisal includes frequent positive or corrective feedback based on performance, not personality. (Berman, 2016).
The Performance appraisal system chalk out employee’s career progression because it evaluates the candidate’s performance in various areas. The appraisal helps in identifying the training needs of an employee within the organization. This help managers figured out the interest of the candidate. This also monitors the employee’s ability to take on more responsibilities to be noticed by management. Within the counselling interview conducted by management helps subordinate in accurately analyzing performance. The information helps the management in conducting this counselling …show more content…

HRM encourages the people working in an organization, to work to their full potential and gives them advice that can help employees improve and identify strengths and weakness. The HRM department communicates with the employees individually from time to time through-out the year, and provides all the necessary information regarding their performances as well as their respective roles. This ensures the ability to form an outline of the organization anticipated goals in much clearer terms. Overall this helps them achieve the goals with best possible

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