Performance appraisal, also known as performance review or evaluation, is a systematic process used by organizations to assess and measure their employees’ job performance and contributions. It is a formal evaluation that aims to provide feedback to employees regarding their work performance, identify areas of strength and improvement, and determine their overall effectiveness in fulfilling their job responsibilities.
Here are some of the most common methods for conducting performance appraisals:
Some of the benefits of performance appraisals are:
Performance appraisals are an employer’s best tool to monitor the performance of employees. They assess employees’ work and effectiveness and their ability to contribute positively to the organization and its goals. In addition, it is also designed to get employee feedback, suggestions, and grievances. Employers and employees can collaborate more effectively through this process, resulting in better organizational performance.