Performance Appraisal System

720 Words3 Pages
Project TitleA PROJECT REPORT ON STUDY OF PERFORMANCE APPRAISALObjectivesEmployees would like to know from a performance appraisal system. · concrete and tangible particulars about their work; and · assessment of their performance. This would include how they: · did; · could do better in future; · could obtain a larger share of rewards; and · could achieve their life goals through their position. Therefore an employee would desire that the appraisal system should aim at: · their personal development; · their work satisfaction; and · their involvement in the organization. From the point of view of the organization, performance appraisal serves the purpose of: · providing information about human resources and their development; · measuring the…show more content…
Formal Performance Appraisal plans are designed to meet three needs, one of the organization and the other two of the individual namely: o They provide systematic judgments to back up salary increases, transfers, demotions or terminations. o They are the means of telling a subordinate how he is doing and suggesting needed changes in his behavior, attitudes, skills or job knowledge. They let him know where he stands with the Boss. o Superior uses them as a base for coaching and counseling the individual. On the basis of merit rating or appraisal procedures, the main objectives of Employee Appraisal are: o To enable an organization to maintain an inventory of the number and quality of all managers and to identify and meet their training needs and aspirations. o To determine increment rewards and to provide reliable index for promotions and transfers to positions of greater responsibility. o To suggest ways of improving the employee s performance when he is not found to be up to the mark during the review periods. To identify training and development needs and to evaluate effectiveness of training and development programmes. o To plan career development, human resource planning based…show more content…
Discussion of goals and objectives throughout the year provides a framework to ensure that employees achieve results through One on One and mutual feedback. At the end of the rating period, the Team Leader appraises the employee\'s performance against existing standards, and establishes new goals together for the next rating period. As the immediate supervisor, the Team Leader plays an important role; his closest interaction with the employee occurs at this level. There are four key elements in the appraisal system: 1. Set objectives - Decide what the Team Leader wants from the employees and agree these objectives with them. 2. Manage performance - Give employees the tools, resources and training they need to perform well. 3. Carry out the appraisal - monitor and assess the employees\' performance, discuss those assessments with them and agree on future objectives. 4. Provide rewards/remedies - Consider pay awards and/or promotion based on the appraisal and decide how to tackle poor
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