3 Basic Functions of Effective Performance Appraisal

The performance appraisal process is a business strategy that brings the best out of your employees, and it is pivotal for effective business management. With the performance of employees, one can measure the efficiency of the appraisal system in place. The performance review process should help in improving the quality and quantity of work of your employees. An effective performance appraisal system is capable of doing the following functions.

To perform its functions effectively, the performance appraisal process needs the support of technology. The process becomes less time-consuming with the help of tech tools, and technology saves HR personnel from mundane administrative tasks. Now, the HR department can focus on other better plans for employees’ development and the company’s growth.

5 Common Performance Review Mistakes

The performance review process should ensure the growth of the employees and the development of the company. A study in 2013 by research firm i4cp asserts that only 28% of employees reckoned that their companies had en effective performance management system. If the companies do not improve their performance management process, it would be hard for them to retain talents, and the employee turnover would increase drastically.   

The 5 most common performance review mistakes.