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Importance of Performance Appraisal in Business

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Added on  2020-04-07

Importance of Performance Appraisal in Business

   Added on 2020-04-07

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Running head: PERFORMANCE APPRAISAL1Performance AppraisalStudent’s NameInstitutional Affiliation
Importance of Performance Appraisal in Business_1
PERFORMANCE APPRAISAL2IntroductionPerformance appraisal which entails assessing the job performance of the employees is animportant aspect of any business organization. This ensures that the employees remain competent since their performance is monitored hence ensuring effective management (Chadwick et al, 2015).BodyVarious types of performance appraisals were used in my organization and different kinds of feedback were received. Employee performance can be assessed by embracing the ‘management by objective’ method whereby the manager and the employee set some attainable goals with some deadline which makes the employees feel involved in the goal-setting (Galagedera et al, 2017). Psychological appraisals which assess the analytical skills, emotional stability, and other traits of the employees so as to help the managers assign duties in the relevant positions. It enables the employees to exploit their talents and abilities hence improving their performance on the given line of duties (Rosen et al, 2017). These appraisals were conducted once in a year and Irealized that performance appraisals have a significant role in improving the morale of the employees since they work towards a certain target. It also discourages laziness and absenteeism of the employees. To improve on performance appraisal, there is a need to conduct them frequently and the management should also ensure that the employees understand the process of the appraisal (DeNisi & Smith, 2014).
Importance of Performance Appraisal in Business_2

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