Introduction of performance appraisal

Introduction of performance appraisal

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  Introductionof performance appraisal Inthis file, you can ref useful information about introduction of performance appraisal such as introduction of performance appraisal methods, introduction of performance appraisal tips, introduction of performance appraisal forms, introduction of performance appraisal phrases … If you need more assistant for introduction of performance appraisal, please leave your comment at the end of file. Other useful material for you: • performanceappraisal123.com/1125-free-performance-review-phrases • performanceappraisal123.com/free-28-performance-appraisal-forms • performanceappraisal123.com/free-ebook-11-methods-for-performance-appraisal I. Contents of getting introduction of performance appraisal ================== Regular performance appraisals help create a corporate culture that promotes personal success, along with collaboration. Individual employees need the reinforcement of knowing that their contributions are valued by upper management. The appraisal process offers several benefits organizationally, generating an atmosphere of excellence. Performance appraisals allow management personnel to establish guidelines for compensation increases; track employee strengths and weaknesses; identify the best candidates for promotion; offer feedback for improvements; and promote training programs. 1. Establishing compensation guidelines Employee compensation should be directly tied to performance. Employees that go above and beyond the call of duty normally receive higher annual increases than employees that do the bare minimum. Compensation is the single best way to reward exemplary job performance. The only way to consistently track exception performance is through an appraisal process. Regular, one- on-one, discussions about an employees execution of job responsibilities helps when assessing the year for those in different raise brackets. 2. Track strengths and weaknesses No one person determines an organizations success. Different workers bring their experience and strengths to the table, allowing projects to succeed with minimal delays. Identifying the right candidates for the right teams is a crucial part of successful management. The best way to ensure the right workers come together is to track individual strength and weaknesses.
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  Consistent performance appraisalsmake that information easily accessible when it is time to hand out new assignments. 3. Identifying promotion candidates Hiring from within an organization keeps organizational memory strong, allowing for continuity of management styles. Unfortunately, not every applicant has the skill set needed to make the transition to a higher position. Quarterly, or even annual, appraisals allow hiring managers to look back over the applicant’s entire work history and find the best internal candidates for a promotion. 4. Offer feedback Constructive criticism provides employees with the necessary information to improve their on- the-job performance. Good managers give feedback that motivates employees to strive for improvement. Employees informed about performance expectations are better able to meet the challenges of excellence. By giving employees feedback about their performance on a regular basis, managers open up the lines of communication, enabling a good working relationship and encouraging a spirit of collaboration. Employees and managers work together to tackle the roadblocks to success. 5. Introducing training programs Performance reviews offer an excellent time to discuss additional training and continuing education requirements. Professionals need to stay up-to-date on industry best practices. The only way to ensure this happens, is to track training and offer programs internally. Not only do training programs help keep employees current on new policies and procedures, they also help keep employees on the cutting edge of technology. Office software, project management solutions and even management philosophies change as businesses adapt to changes in the marketplace. The success of an organization depends on every member, making training an integral part of continued success. The give and take of a formalized performance review system allows employees to feel comfortable during their daily work activities. They receive positive reinforcement for a job well done and corrections when necessary to correct bad work habits. It is important for employees to know where they stand in their workplace. Work environments bring enough stress, without the added worry about performance. Communication forms the foundation for all lucrative business interactions. Formalized policies detailing how an employee’s performance is graded lower stress levels, allowing employees to reach their full potential. The summarized information gathered during reviews also helps streamline many management activities. Hiring, firing, compensation determinations and training schedules all become part of the review process, minimizing the necessary oversight for these tasks. Implement regular performance reviews and see immediate benefits to productivity and job satisfaction.
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  ================== III. Performance appraisalmethods 1.Ranking Method The ranking system requires the rater to rank his subordinates on overall performance. This consists in simply putting a man in a rank order. Under this method, the ranking of an employee in a work group is done against that of another employee. The relative position of each employee is tested in terms of his numerical rank. It may also be done by ranking a person on his job performance against another member of the competitive group. Advantages of Ranking Method i. Employees are ranked according to their performance levels. ii. It is easier to rank the best and the worst employee. Limitations of Ranking Method i. The “whole man” is compared with another “whole man” in this method. In practice, it is very difficult to compare individuals possessing various individual traits. ii. This method speaks only of the position where an employee stands in his group. It does not test anything about how much better or how much worse an employee is when compared to another employee. iii. When a large number of employees are working, ranking of individuals become a difficult issue. iv. There is no systematic procedure for ranking individuals in the organization. The ranking system does not eliminate the possibility of snap judgements. 2. Rating Scale
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  Rating scales consistsof several numerical scales representing job related performance criterions such as dependability, initiative, output, attendance, attitude etc. Each scales ranges from excellent to poor. The total numerical scores are computed and final conclusions are derived. Advantages – Adaptability, easy to use, low cost, every type of job can be evaluated, large number of employees covered, no formal training required. Disadvantages – Rater’s biases 3. Checklist method Under this method, checklist of statements of traits of employee in the form of Yes or No based questions is prepared. Here the rater only does the reporting or checking and HR department does the actual evaluation. Advantages – economy, ease of administration, limited training required, standardization. Disadvantages – Raters biases, use of improper weighs by HR, does not allow rater to give relative ratings 4. Critical Incidents Method The approach is focused on certain critical behaviors of employee that makes all the difference in the performance. Supervisors as and when they occur record such incidents. Advantages – Evaluations are based on actual job behaviors, ratings are supported by descriptions, feedback is easy, reduces recency biases, chances of subordinate improvement are high. Disadvantages – Negative incidents can be prioritized, forgetting incidents, overly close supervision; feedback may be too much and may appear to be punishment.
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  5. Essay Method Inthis method the rater writes down the employee description in detail within a number of broad categories like, overall impression of performance, promoteability of employee, existing capabilities and qualifications of performing jobs, strengths and weaknesses and training needs of the employee. Advantage – It is extremely useful in filing information gaps about the employees that often occur in a better-structured checklist. Disadvantages – It its highly dependent upon the writing skills of rater and most of them are not good writers. They may get confused success depends on the memory power of raters. 6. Behaviorally Anchored Rating Scales statements of effective and ineffective behaviors determine the points. They are said to be behaviorally anchored. The rater is supposed to say, which behavior describes the employee performance. Advantages – helps overcome rating errors. Disadvantages – Suffers from distortions inherent in most rating techniques. III. Other topics related to Introduction of performance appraisal (pdf download) • Top 28 performance appraisal forms • performance appraisal comments • 11 performance appraisal methods • 25 performance appraisal examples • performance appraisal phrases • performance appraisal process
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