Performance Appraisal

The achievement of an organization’s goals rests with it’s people. The more talented the people and the better they are managed and coordinated toward those goals the greater the chance of success. Performance appraisal is all about providing a way to do this.

The appraisal process starts with a manager and employee setting goals for the year together. The most effective goals are measurable and have easy to understand performance standards.

The employee needs a specific set of skills and knowledge to meet their goals. At the start of the year the manager and employee need to determine whether there are any gaps between the skills needed and the skills the employee has. A plan is created to build those skills.

Regular informal feedback is given on the employee’s specific achievements and learning progress. A half yearly meeting is used to review achievements, identify any performance issues and plan any further development needs.

At the end of the year a formal meeting is used to review performance. Many organizations have a reward process that is based on performance. This includes salary increases, bonus payments, share options and other incentives.