Everything you need to learn about the methods of performance appraisal in human resource management. There are different methods of performance appraisal. Each method of performance appraisal has its advantages and limitations. Every organization chooses the method of performance appraisal that best suits them.
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This tool is commonly used for the employees at the middle and senior levels. They play a complex role within the organization, which is only going to lead to more data from anyone involved in a resourceful assessment. Most organizations that involve employee development are going to use this tool for assessing the performance and abilities of their staff, allowing the employees to create their very own career path using the specific feedback. Typically, the results of the degree feedback help the person receiving the feedback to plan future training and professional growth.
An appraisal made by top management, immediate superior, peers, subordinates, self and customers is called Degree Appraisal. Here, the performance of the employee or manager is evaluated by six parties, including himself. So, he gets a feedback of his performance from everyone around him. This method is very reliable because evaluation is done by many different parties. These parties are in the best position to evaluate the employee or manager because they are continuously interacting and working with him.
Performance appraisal is the technique of appraising employees. Under this method, performance of employees are at first documented then evaluated with the mutually set performance standards. Companies have been practicing various methods of appraising employee performance, among which some popular ones are described below. The essay describes in detail about the strengths, weaknesses, potential, nature, etc. Essay method helps in collecting a lot of information about the employees as the evaluators are not confined to appraise the employees in rigidly defined criteria.