This paper concentrates on the primary theme of IMPORTANCE OF PERFORMANCE APPRAISALS in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
As a Team leader or manager, we will have many essential roles to play and responsibilities to attend to. One of the most important things is to Appraise our Team Associates or members who are supporting the manager as well as contributing their performance for the improvement of the Organization too. Performance Appraisals are some wonderful opportunities for the manager to declare the results of the employees individually so that he or she can provide the feedback appropriately. Below are some pointers about Performance Appraisals which will help us to understand the importance of it. They are as follows:-
- Performance Feedback - Each employee has the urge to ask their managers that how well they are performing at present and how they can increase their performance in a more accurate way. Employees want to know this information as they want to develop their performance in order to get merit pay and other types of promotions. A proper performance feedback can help the employees to perform more vividly so that they improve themselves for future requirements. As it helps the employees to stay motivated while they work for the company.
- Promotions - The perfect Procedure to find that which employee is performing in a better way is through Performance Appraisals. As it helps the company to find the right employee who can get the right promotion for his or her contribution to the company. Past Appraisals with accurate information about the background data helps the manager to find out that whom he or she should select for promotions.
- Employee Development and Training Decisions - Performance Appraisals also helps in finding out that which employees require getting additional training so that they can acquire the exact knowledge to perform more excellently. This helps a manager to understand that whether he needs an additional training process so that he can sharpen up his knowledge and perform accurately too. This helps in finding out whether the manager is required the training after he or she is given the promotion for the higher position.
- Layoff Decisions - It is a very better way of taking layoff decisions. Employees may be requested to lay off if they are not performing after giving the right training and development programs. Here the company tries to target the weakest performer; then there becomes a high chance that among the best employees can be laid off too due to not performing correctly or due to any other reasons