Every managers needs some way to apprise employee’s performance. If employee’s performance is good you will want to reinforce it, and if it is bad you will want to take reactive action. Performance appraisal means evaluating an employee’s current and or/past performance relative to his or her performance appraisal. Performance appraisal always involve Setting work standards, assessing performance, and providing feedback to employees to motivate, correct, and continue their performance.
01. Performance Management and Appraisal:
1.1. Performance Management:
Performance Management is an integrated approach to ensuring that an employee’s performance supports and contributes to the organization’s strategic aims.
Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas. PM is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities.
1.1.1. Types of Performance Management:
Long-cycle Performance Management: Long-cycle Performance Management is usually done on an annual, every 6 months, or quarterly basis.
Short-cycle Performance Management: It usually done on a weekly, by-weekly, or monthly basis.
Micro Performance Management: Micro Performance management is generally done on a by-minute/hour/day basis.
1.2. Performance Appraisal:
Performance Appraisal setting work standards, assessing performance, and providing feedback to employees to motivate, correct, and continue their performance.
Performance appraisal is an opportunity for individual employees and those concerned with their performance, typically line managers, to engage in a dialogue about their performance and development, as well as the support required from the