EXTENT OF EFFECTIVENESS OF PERFORMANCE APPRAISAL •Performance appraisal is a concept of managing employee efforts. •It includes evaluation and recording of how efficiently and effectively each individualiscontributingtowards organization’s goals and objectives. •Theeffectivenessofperformance appraisal programmes depends upon howeffectivelyithasbeen influencing various workers towards improving their performance level.
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PERFORMANCE APPRAISAL
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INTEGRATING HPWA WITH OTHER MANAGEMENT TOOLS AND TECHNIQUES Managementtoolsandtechniquesincludesvarioussystems, methodologies and applications adopted by the organization to ensure long term sustenance in the society. •The procedure of designing and implementation of worker's performance reviewing and evaluation must be in accordance with requirements of various segments within an organization. •Capital asset pricing model is a tool adopted by risk management department which is considered equally important at the time of framing plans as a part of decision making of the organization.
EFFECTIVE APPRAISAL DESIGN
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REFERENCES Varma, A., Budhwar, P.S. and DeNisi, A.S., 2008.Performance management systems: A global perspective. Taylor & Francis. Kusic, D., Kephart, J.O., Hanson, J.E., Kandasamy, N. and Jiang, G., 2009. Power and performance management of virtualized computing environments via lookahead control. Cluster computing.12(1). pp.1-15. Ferreira, A. and Otley, D., 2009. The design and use of performance management systems: An extended framework for analysis.Management accounting research,20(4), pp.263-282. Smith, N., Smith, V. and Verner, M., 2006. Do women in top management affect firm performance? A panel study of 2,500 Danish firms.International Journal of productivity and Performance management.55(7). pp.569-593. Cheng, M.I., Dainty, A. and Moore, D., 2006. Implementing a new performance managementsystem within a project-based organization: A case study.International Journal of Productivity and Performance Management.56(1). pp.60-75.