Performance appraisal is an important part of every company. An appraisal is based on the daily performance of the employees and understands the strength of the person for future growth and development.
You can say it is a process of analyzing employees' contributions to the job. Getting a perfect evaluation of employee performance will help you to identify existing problems in the workplace. The organization used performance appraisal to give employees feedback and their work.
The entire performance appraisal can be formal or informal it depends on the call that the HR department as well organization takes.
It is also known as performance rating, performance review, evaluation, merit rating, also it is related to job analysis.
Performance appraisal in HRM is generally a systematic process which follows:
1. The Senior measure the pay of employees and compare it with targets and plans.
2. Factor behind work performance of employees.
3. Guide employees for better future performance.
4. Identify the weakness and strengths of employees.
5. Provide feedback regarding performance.
6. The systematic procedure of performance appraisal.
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