Performance Appraisal and its Importance

FOUNDATION IN
MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Overview of performance management and tools that can be used for performance
management.................................................................................................................................1
Performance Appraisal and its importance..................................................................................2
Effectivity of performance appraisals..........................................................................................3
Benefits and limitations of performance appraisal......................................................................4
Performance Appraisal types and ways in which they can enhance overall performance of
employees....................................................................................................................................5
Impact of performance appraisal upon employees......................................................................5
CONCLSION..................................................................................................................................6
REREFENCES................................................................................................................................7

INTRODUCTION
Performance appraisal is a kind of review dome by supervisors or senior management in
order to evaluate an employee’s performance, their contribution within the company, targets
achieved by them. It is one of the most important part of an organization that helps an
organization in enhancing their employees existing skills and knowledge, helps in enhancing
their overall performance, helps the employees in identifying scope of improvement so that they
can bring improvement within their performance. This assessment will focus upon critical
assessment of extent till which Performance Appraisals are effective for organization and well as
for its employees.
MAIN BODY
Overview of performance management and tools that can be used for performance management
Performance management is one of the most important things which should not be
overlooked within an organization as it can impact success and goal achievement of an
organization majorly. It is an important primary way with the help of which primary goals can be
handled, with the help of this performance management perception behaviour of employees
towards their, goal or target achievement can be achieved (Anjomshoae and et. al., 2017). There
are various kinds of tools and techniques that are commonly used for performance management.
Some of them have been explained below in a brief manner:
 Feedback tool: this tool helps in keeping a track of their employees and develop strategies for
bringing improvement within their performance from time to time.
 Employee apparition: It is also known as performance appraisal in which employees are
appreciated for their efforts and results and are rewarded accordingly for smallest progress
that they make (Pinto, 2019).
 Performance monitoring technique: Using this technique employees should continuously
monitor their employee’s performance so that they can identify and fulfil neds and
requirements of their employees in an appropriate manner. monitoring employee’s
performance and providing them with constructive feedback helps in measurement of their
performance and bring improvement within their performance.
 Employee performance evaluation technique: Performance evaluation is a kind of technique
which is used by mangers so that they can have an idea of level of performance of their
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