Organizations can achieve their goals and objectives, if they assess the employees performance at least once in year. Performance appraisal provides important and useful information for the assessment of employee's skill, knowledge, ability and overall job performance. The productivity will be high and company can get more benefits and success of the organization in future .Therefore, this assignment is analyzing performance management system in the company. It shows the advantage of well-designed performance, common problem in organization and characteristics of an ideal performance Appraisal system.
About The Barefoot Eco Hotel
The Barefoot Eco Hotel is established in 8th July 2014. In this guest house they have total fifty …show more content…
Perspective and Impact
With the help of a broad range of perspectives, 360-degree feedback allows employees to expand more thorough understanding of their impact on people they interact with every day. Individuals tend to judge others based on their own experiences and expectations, which can skew results. Multiple perspectives also lend credibility to the results of 360-degree feedback, making appraisal results more meaningful to the one being reviewed and increasing the chances that it will result in real behavioral change.
Relationships and Trust
Traditional review systems can damage superior-subordinate relationships through several factors, including superiors basing their appraisals on their latest performance while subordinates base their expectations on the complete year. Unlike these traditional appraisals, 360-degree feedback fosters an environment of teamwork and trust. Employees work together, committing themselves to total honesty and helping each other gain an understanding of their performance and actions. This experience, especially when appraisal results are optimistic can build trust among employees to foster high-performance teams and effective …show more content…
Noting down the areas of improvement is not so easy. Nevertheless, the performance appraisal is an ideal time to diplomatically mention the areas that need improvement. Even the most valuable employee could benefit from additional training, while those who are on the cusp of dismissal need the heads-up. Be specific by providing examples and clearly explain what needs to occur to turn things around. Showing an employee that you care enough about them by taking the time to work with them may make even the most hardened employee feel better.
Improving Decision-Making Ability
The company has detailed information on employee performance. The company can make decisions easier. Appraisals also provide a framework when making decisions about compensation and layoffs. If the organization becomes the unfortunate party to a court case, the performance appraisal can refute or support claims. As a result, the effective use of performance appraisals helps an organization operate efficiently and with focus.
360 Degree