In the International Journal of Advance Research in Computer Science and Management Studies, an article entitled Performance Appraisal in the Contemporary World gives a great overview of how important performance appraisals are. The way that its employees perceive an organization in important.
There are five components of interaction within an organization. These consist of structure, system, culture, leader behavior and employee’s psychological needs When employees are satisfied, their perception of the organization is positive. Employers demand commitment and dedication from their employees and the employee expect more from the employer . Performance appraisals are a great way to determine how effective an employee is. These are conducted on an individual level.
Performance appraisals allow an employee to be rated on specific goals, tasks, and accomplishments that they conduct over a period. An individual is typically rated based on their contributions to the organizations goals as well. Providing feedback to an individual can be very beneficial to reward them for what they have accomplished as well as feedback regarding improvements they could make.
There are four different methods of a contemporary performance appraisal. These are performance appraisal by assessment Centre’s, performance appraisal by behaviorally anchored rating scales, management by objective, and performance appraisal by human resource accounting method. There is also a customer feedback method for those that might be involved with sales.
An employee's performance can identify strengths and weaknesses that can also create future goals and help provide clear guidance on what their responsibilities are . Performance management processes help the organization by improving the things such as productivity, product, and service quality, customer service, job satisfaction, and its