Performance appraisals - Startuphr Toolkit.
A performance appraisal is a process of review of an employee's job performance and an overall contribution to a company. This process is also known as annual review or performance review. The organization uses performance appraisals to give the employee feedback on the work they do and give a pay increase as an act of appreciation.
Every company has its own way to conduct performance appraisals, some perform it annually. It is an essential activity that needs to be performed as it helps in healthy competition amongst the employees. Performance appraisal brings the best in the employee and helps them to be the best version of themselves. We at StartupHR Toolkit have a complete blog written on What, how, and when to perform performance appraisal. The following are some of the methods of Performance appraisal
1. Graphic Rating Scale Method
2. Ranking Method
3. Checklist Method
4. Management by Objectives Method(MBO)
5. 360-degree Feedback Appraisal
6. General Performance Appraisal in HRM
7. Technological Performance Appraisal
8. Sales Performance Appraisal
Performance Appraisal is a process that can do wonders for the organization if done properly. For more information do visit StartupHR Toolkit
Source: https://www.startuphrtoolkit.com/performance-appraisal-in-hrm/
