Objectives and Components of Performance Appraisal System.
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Objectives of Performance Appraisal System:
Feedback and Improvement:
Goal Alignment:
Recognition and Rewards:
Career Development:
Communication:
Decision-Making:
Components of Performance Appraisal System:
Performance Standards:
Goal Setting:
Feedback Mechanism:
Self-Assessment:
Appraisal Forms:
Training and Development Plans:
Performance Ratings:
Employee Recognition:
Performance Improvement Plans:
Regular Reviews:
A well-designed performance appraisal system contributes to organizational success by promoting a culture of continuous improvement, aligning individual efforts with strategic objectives, and facilitating employee development.