Introduction And Meaning Of Performance Appraisal
Performance appraisal refers to the periodical evaluation of individual's work performance in the organization. It is a process of reviewing and judging employees working ability and productivity. It helps the management to measure individual's potential and capabilities in the workstation. It helps to provide feedback, to motivate subordinates, to determine training needs etc. Therefore, performance appraisal is very important to increase employees performance in order to achieve organizational goals and objectives.
Objectives Of Performance Appraisal
The uses, importance or objectives of performance appraisal process can be described as follows:
1. To Identify The Strength And Weakness Of Employees
Performance appraisal is a process of evaluating the performance of individuals and identify the strength or weakness of employees that helps them to improve their working pattern and performance.
2. To Identify Training Needs
It periodically judges employee's performance that helps to determine the training needs. Management can conduct training and development programs to enhance their skills and ability that helps to increase working efficiency.
3. To Provide Feedback
It provides regular feedback to employees that helps them to focus on the goals and improve their performance to achieve those goals.
4. To Provide Basis For Decision Making
As we know that performance appraisal measures the performance of employees, it helps the management to make decisions regarding compensation, promotion, transfer, remuneration, supervision, training etc.
5. To Motivate Employees
Employee motivation is another notable objective of performance appraisal. Immediate feedback, effective reward system, promotion and transfer facilities, training and development opportunities help to motivate the employees that creates favorable working environment in the company.
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6. To Facilitate Recruitment And Selection
By gathering performance related data from different branches, units and departments, management can hire suitable candidate to fulfill the job requirements. Therefore, it is also useful for conducting recruitment and selection.
7. To Ensure Better Quality Of Work
Effective performance appraisal system helps to improve the quality of organizational performance. It helps to utilize available manpower properly that leads to improve performance and quality of work. So, it increases the productivity and profitability of the company.
