Employee Performance Appraisal
ABSTRACT: All the firms for profit are sustained on the return they are able to generate as profit and incentives relating to their operation. Human capital is one of the most important resources of any firm which help them to survive in this competitive world. To survive in this competitive world today it has become necessary to manage human resources. There have been increasing trends in job security, employee maintenance, etc as people are recognized as an important resource in the firm. It cannot be disagreed that “People are the most important assets in the company” by any of the management team. Yet, it has been seen that many employees in the firm still remain undervalued, untrained and underutilized and it is the reality …show more content…
Effective performance should be rewarded in the organization, also identifying ineffective performance in resource management is necessary (Pulakos, 2003). The ability for assessment of the performance of an employee fairly, gives to the ability for conducting of the performance appraisal. The task of evaluating employee’s performance is a difficult one. First the supervisor needs to understand how the job is and then he collect the information which is to be provided as a feedback. This information is then integrated in the organization’s performance management processor which is used to make compensation, take training decisions, job placements and assignment. (London, …show more content…
Performance Appraisals here are helping individuals to develop, improve organizational performance and their performance also, and feed into business planning. Performance Appraisal enables management in setting standards, monitoring performance, behaviour and delegating responsibilities. Performance appraisals also identifies individual training needs both soft skills as well as technical skills required to perform the work. 360-degree Performance Appraisal consists of an overall feedback of an individual performance from a number of stakeholders. The appraisal process encourages employee productivity with positive
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