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Due to the inflation there is a need to compensate the emplyee and performance appraisal is the best way to do that.
To make sure that all the human and material resources are moving towards achieving the goals set for the institution
Conducting performance appraisals has many advantages.
-First, it's rewarding the employee for his honesty, dedication and quality
-This will help an employee evaluate him/herself for their performance
-Motivate to work better and harder
-Create competition among the employees on the floor for better performance
Performance Appraisal acts as an indicator/tool to the individual’s performance with his/her target set in a particular time frame. The individual employee is judged on his/her performance and the company values the employee accordingly. Besides, the employee is counseled, if necessary, to improve on a particular field in the next appraisal. It is also help in finding the talents based on the performance shown by the individual. That is why we need to conduct performance appraisal regular basis.
You can not mesure the employee preformance rate, growth, employee careere leader, employee competensis development, promotions, turnover rate, employees behavior and many other important things without the preformance apprasil would be even better if it's mix with360 degree survay. That's how you keep the organization moving forward.
performance appraisal is the way to make sure that individual performance is matching with the organization standards and to discover any gap between the standared and the actual performance.
human resources is one of the most important assets for any successful organisation. when people perform bad it could lead to the organization to fail in achieving its goals and targets.
so, appraisal as a tool of performance management is very important to detect any defect in performance so that the organization could work on solving the problem either by providing training to the ones who need training or by solving any other problem the employee has with his colleagues or manger and affects his performance.
on the other hand appraisal help in preparing promotion plans for those who show strong leadership, or to take action towards employees with consistant bad performance.
For monitoring the staff performance and guidence how to perform his or her work on right time.
