Why is the performance appraisal important, Business Management

Why is the performance appraisal important?

Significance of performance appraisal:

• This is helpful into operational decisions of personal management relating to pay raises, lay-offs, promotions and transfers and more.

• This provides clues to management for effecting enhancements in selection procedures and placement of workers.

• On the origin of performance appraisal, all the top management can advise/direct to their personnel department to implement and design suitable training programmes.

• This guides and stimulates worker development

• This encourages healthy competition in between employees.

• This seeks to discover the potential for development in workers and therefore helps management to prepare promising employees to take up challenging jobs into future.

• This attracts good personnel to the organization

• Throughout the process of performance appraisal, the management gets a concept of the difficulties faced by the workers while working upon the jobs. Management can take therefore take suitable steps to redress their grievance.

• This highlights a requirement for more competent supervisors, to carry out the task of judging the employees during an objective and intelligent way.

• Performance appraisal seeks to calculate employees’ performance within a systematic manner.

Posted Date: 8/17/2013 6:50:44 AM | Location : United States

Related Discussions:- Why is the performance appraisal important, Assignment Help, Ask Question on Why is the performance appraisal important, Get Answer, Expert's Help, Why is the performance appraisal important Discussions

Write discussion on Why is the performance appraisal important
Your posts are moderated
Related Questions
Hello, I have an assignment I need to complete in the next 6 weeks and want to know how your service works? It is 1 of 2 modules I require to complete my studies. Can you please a


Question 1: One of the basic causes of industrial accidents concerns safety policies, procedures and decisions. (a) Clearly explain what should safety policies, procedures a

how to write a company analysis in light of the Triple triangle Framework?

Ethics, trust and integrity are often challenged in an investment banking job. Look at the sub prime crisis, the near collapse of the mortgage giant, Fannie Mae, and the restatemen

Question 1: (a). Elaborate on the stages that form the writing process and explain the value of spending time on the first two stages. Justify their importance. (b). Show wr

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000

what are the nine core concepts of marketing?

QUESTION (a) Describe briefly five strategies for success in e-Business. (b) List five measures to ensure security in e-Business. (c) Explain the term m-Commerce. Describ