PERFORMANCE APPRAISAL METHODS

PERFORMANCE APPRAISAL METHODS

1. HUMANS RESOURCE ACCOUNTING

   • The human resource is a valuable asset for the organization. This method tries to find the relative value in terms of money In this method the performance appraisal of employees is judged in term of cost and contribution of employees.

2. ASSESSMENT CENTER

   • An Assessment Center consists of a standardized evaluation of behavior based on multiple evaluations including: job-related simulations, interviews, and/or psychological tests. Job Simulations are used to evaluate candidates on behaviors relevant to the most critical aspects (or competencies) of the job.

3. Management by objectives ?(MBO)

   • Management by objectives is based on the definition of objectives of each employee and then compare and direct them towards the improvement of the objectives of the company. It is about improving the objectives of the company by aligning the personal objectives with the general objectives. Ideally, employees receive support to identify their objectives, deadlines to achieve them and continuous monitoring of processes to obtain feedback that helps achieve the objectives.

4. 360 Degree appraisal

   • It is a popular performance appraisal technique that includes evaluation inputs from a number of stakeholders like immediate supervisors, team members, customers, peers and self. 360 Degree provides people with information about the influence of their action on others.

5. behaviorally anchored rating scale

   • Behaviorally anchored rating scale is a measuring system which rates employees or trainees according to their performance and specific behavioral patterns.

6. 720 Degree Performance Appraisal

   • considered an “all-round” appraisal, is one of the most recently introduced concepts. As the name suggest, 720 Degree is 360 Degree twice. 720 Degree Performance Appraisal is the evaluation of an employee from all the aspects and giving timely feedback to ensure that the person is able to achieve the set goals before the next appraisal.

7. Ranking method

   • Ranking method is one of the simplest performance evaluation methods. In this method, employees are ranked from best to worst in a group. Pros: Simple and easy to use. Fast & Transparent.

8. Graphic Rating scales

   • The graphic rating scale is the simplest and most popular method for appraising performance. A graphic rating scale lists traits (such as “communication “or “teamwork”) and a range of performance values (from “unsatisfactory” to “outstanding,” or “below expectations” to “role model”) for each trait. The supervisor rates each subordinate by circling or checking the score that best describes subordinate’s performance for each trait. The assigned values for the traits are then totaled.

9. CRITICAL INCIDENT METHOD

   • Is a performance appraisal method that requires keeping written records of highly favorable and unfavorable employee work actions.

10. ESSAY METHOD

    • Is a performance method appraisal method in which the rater writes a brief narrative describing the employee’s performance.