Question

Define performance appraisal and list at least two benefits of conducting a performance appraisal

Answer 1

Answer:

Performance appraisal:

Performance appraisal is the process of regularly monitoing and assessing the employee's job performance and overall contribution to the company.Performance of an employee is evaluated by comparing it with the preset standards and the results are documented.Performance appraisal evaluates employee's skills,achievements,growth and areas of improvement.It helps to identify the strenght and weakness of an employee and assign right job and responsibilities based on the employee's skills.

Benefits of performance appraisal:

-Promotion:

Promotions are based on employees performance appraisal.Highly efficient employees are promoted and rewarded and inefficient employees are dismissed

-Employee development:

Performance appraisal helps to provide feedback about the areas to improve for the employees and it determines which employees requires training in which areas so that their skills,knowledge can be improved.Employees can know their strenghts and weakness and work based on it to develop their skills