Different Types of Performance Appraisal

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Performance appraisal is the process that employers uses to review how well an employee done their job, and possibly determines any pay increases in salary or benefits they will receive as a result. There are different types of performance appraisals such as management by objectives, 360 degree feedback and rating scale. The performance appraisals are important for reinforcing good performance and addressing poor performance. Contribution- based performance appraisals go beyond a performance-based rating system. This measures the employee’s contribution to the organization’s mission. If their contribution is justified employees can receive compensation such as high pay increase. These appraisals should be mandatory and done annually, because it can provide a structured opportunity for the supervisor and employee to communicate job performance. 360-Degree performance appraisal is a common performance appraisal method which depends on who is conducting the appraisal. This appraisal can be done by human resources managers that interview the employee’s supervisor or anyone the employee reports directly to. It’s basically to gain a complete profile on the employee. This appraisal is appraising the employee job performance and technical skills. The appraiser will receive in depth feedback on the employee’s character, leadership skills and areas of subjectivity. Management by objectives requires an employee and a manger to agree upon obtainable, specific objectives with a set deadline. This can be a sales goal that needs to be met. If the goal is set it is the sales manager responsibility to direct himself towards the objective. This is a defined way to see the success or failure. The rating scale requires employers to develop a grading system. The scale is used to evaluate the employee’s success in different areas, such as teamwork, communication and technical skills.

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