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Benefits of Formal Performance Analysis to Organizations

   

Added on  2021-06-17

5 Pages785 Words397 Views
Running head: MANAGING HUMAN RESOURCESMANAGING HUMAN RESOURCESName of the Student:Name of the University:Author note:

1MANAGING HUMAN RESOURCESBenefits of Formal Performance Analysis to OrganizationsFormal performance discussion is considered as an essential part of the human resourcesarea’s contribution to an organization. However, a successful formal work performance’sassessment would assist in eradicating complexities related to the quality of work and behaviourand can further encourage employee to increase their level of contribution to the organization. Enhance the Decision-Making Competencies- Effective performance appraisals helpsorganizations to gather detailed information on employee performance further improvingthe process of decision making and also facilitates to organize the open positions withexisting employees in order to reinforce the organization and encourage loyalty.Performance evaluation further provides a detailed framework while performing decisionmaking activities related to compensation and suspensions (Dusterhoff, Cunning andMacGregor 2014). It is significant to note that if any company transforms into theadverse party to any sorts of lawsuits or grievances, a properly implemented performanceassessment can either disprove or underpin claims. Planning Advancements- A well-implemented performance evaluation can be utilizedas a chart progress whereby assessing performance appraisals from one standard period toanother helps to provide both the organization and the employee with evaluatedindicators of progress, lack of productivity or deterioration in areas of job performance(Fletcher and Williams 2013). Drawbacks for Organisations in Using Formal Performance Analysis

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