5 Reasons as to why you should appraise performance of your employees regularly? By performance appraisal, we mean evaluating an employee’s current and/or past performance relative to his or her performance standards. According to Newstrom,
It is the process of evaluating the performance of employees, sharing that information with them and searching for ways to improve their performance.
Performance appraisal is the step where the management finds out how effective it has been at hiring and placing employees . A “Performance appraisal” is a process of evaluating an employee’s performance of a job in terms of its requirements. Broadly categorized by three steps: 1) setting work standards, 2) evaluating performance accordingly, 3) feedback for continuous professional development. Performance appraisal is necessary.
Deepak Chopra or any other influence would not have to tell you this as easily as to these reasons employer’s should appraise subordinates’ performance.
Related: 17 Key concepts of HRM
And now for something inspirational,
Perseverance commands success.
(Motto of Aitchison College - Lahore).