Employee Performance Appraisal
Employee Performance Appraisal (also known as an annual review, performance review or evaluation, or employee appraisal) is an objective, formal, and productive procedure employed to systematically measure and evaluate employee’s efficiency based on the execution of their job description responsibilities, the time it took less lag time, errors made, and growth over a given period compared to pre-set industry expectations and standards. It is also used to gauge the amount of value added by each employee in terms of increased business revenue in comparison to industry standards and overall employee return on investment (ROI) as well as, determine which employees have contributed the most to the organization’s growth and how to award raises and bonuses from a limited pool of allocated funds.
The performance appraisal process is used to grade employees annually, semi-annually, and quarterly (from the date of their employment). And, based on the grade received, employees may either be promoted, given suitable raises in salary, place on probation, or be terminated.
These periodic evaluations, allow managers and employees to communicate candidly, create development plans which facilitate the identification of each employee’s resolvable shortcomings, need for additional training, and aspiration for increased responsibilities. It also provides managers with an opportunity to offer feedback to employees about their performance metrics and contribution in achieving the organization’s goals.
PERFORMANCE APPRAISAL BENEFITS
Personal and Career Development:
Employees use their performance appraisal to enhance their efficiency and personal growth by self-assessing their performance, identifying their strengths and weaknesses, and adopting measures that will aid them in improving their conduct and gaining new skills and experiences while overcoming their weaknesses and enhancing their strengths.
Organizational Planning:
By examining current and previous employee performance appraisals results collectively, organizations analyze and use this data to assess their own current and historical performance and compare it with that of their industry. This helps managers determine if correctional measures are warranted to improve the organization’s efficiency, if adjustments should be made to the organization’s objectives, and if employees— base on their efficiencies— should be assigned or reallocated to areas important to achieving the organization’s goal.
Motivational Tools:
Organizations enhance morale and motivate employees by using performance appraisals as an instrument to provide guidance and direction to employees who are underperforming and to identify hard-working high performing employees and reward them accordingly on their effort. The identification of high performers allows the organization to efficiently allocate promotions, bonuses, awards, and raises to employees who truly deserve it, giving them a sense of appreciation and significance. Employees also use the appraisal process to communicate their issues and difficulties in executing their daily tasks, which help to strengthen the rapport between employees and management, improve the organization’s systems, and boost employees’ morale towards their work.
Training:
Appraisal data are used by organizations to design and implement training programs that address the particular needs of each employee, resulting in improved skillset and an increased chance of getting promoted within the organization. Performance appraisals are also used to determine the effectiveness of training programs by measuring employees’ performance before their training and comparing it with their after training performance results.
PERFORMANCE APPRAISAL SOLUTIONS
GlobalHRD offers paper and machine based performance appraisal solutions that provide organizations with the capability to tie task, time, and errors with the knowledge, skills and abilities (KSAs) as they relate to an employee’s job classification and duties. Both systems have ease of use in the creation, maintenance, communication, reporting, security, and configuration of all components and include the availability to develop unique evaluation form templates that can be assigned to individual employees. They both provide users with the ability to create and maintain reviews, goals, metrics, action plans, log events, development plans, and the ability to communicate with ease utilizing internal system components. The machine based system also has the ability to convert paper-based information of historical data to machine based, perform all necessary appraisal functions within the application, and the ability to customize configurations.
The services offered are:
| •ooPerformance Planning |
| •ooPerformance Coaching |
| •ooPerformance Review & Evaluation |