In: Economics
Performance appraisal is one of the most important factors which help the employees to remain motivated. It has a very positive effect on the employee's performance which in turn helps in improving the organization's performance. Performance appraisal helps in increasing the employee's efficiency through creating job satisfaction and they also tend to remain loyal towards the organization. The employee can see his worth within the organization and this helps in overall development in the performance of the organization. In this case, the performance appraisal will help the employees to remain satisfied and motivated and they will work with their full efficiency. In this case, we see that the employees are not open and they keep things and various issues to themselves. Thus, performance appraisals will help them to be connected with their managers and this will help in keeping them connected with their superiors. The employee's morale will be boosted and this will help in increasing the performance of South-West Trains on a whole.