A Necessity In An Organization’s ProgressThe success of a company often demands that both the entrepreneur and the employees survey their on-the-job performance on regular basis. If a company does not count what its employees are doing, how well they are performing, it has to be said that the company has neglected an important step in the development of an ambiance that will consistently produce a cost-effective, top-notch , schedule-beating output. It is through the organization of performance appraisals that you can urge your employees and boost them up to contribute in the success of your company. Performance appraisals are done to determine the recent successes and failures of an employee, his positives and weakness, and suitableness for promotion or training.
During the beginning years of this century, performance appraisals were used by giant companies, chiefly for promotions and deciding bonuses, salaries and for other administrative purposes. But after 1960s, the companies set out to employ performance appraisals for organizational planning and motivational reasons. Now, performance appraisals are used as a crucial tool by most companies for maximizing the strength of all aspects of their organization, be it staffing and production or development and customer care services.
Objectives Of Performance Appraisals
Proper appraisal of individual performance in a company aids to raise the overall effectiveness of the company. Following are the primary objectives of performance appraisals:
Performance appraisals
· Enlighten the staffs with the right feedback on their performance.
· Find Out the training requirements of the employees.
· Assigns organizational rewards.
· Often serve as the basis for salary increments, promotions, personnel decisions,bonuses and disciplinary actions.
· Presents the chances for organizational development.
· Ease communication between the employer and employees.
· Validate human resource policies to cope up with the federal Equal Employment Opportunity needs.
· Aid in the improvement of performance through coaching, training and counseling.
How Do the Appraisers Benefit from Performance Appraisals?
Appraisers also benefit from performance appraisals. The performance appraisals assist the appraisers to effectively determine and measure the performance of their staffs. The appraisers also develop a better understanding of their employees’ ability and requirements to improve.
Outsource Your Performance Appraisal Services to People Power India
You can trust People Power India and outsource your performance appraisal services. We at, people Power India, have successfully performed various assignments in Performance appraisal in big, medium and small companies in sugar, textiles, paper, glass, steel, sponge iron, wire, engineering, inks, auto components, realty, IT, BPO, financial services, designing & printing, logistics et al.
For more information on performance Appraisals and People Power India Services, browse through www.peoplepowerindia.org
Author Resource:
The Principal Consultant (and Promoter), Sandeep Mukherjee, quit his long professional service career in HR, General Management and Marketing to take the embryonic concept of "People Power" ahead, on its logical path of fructification. We have very strong Performance Appraisals Models drawn from global practices as well as indigenously developed ones
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