Benefits of Performance Appraisal
Though a successful performance appraisal program, a number of benefits can be accrued to the organization as well as its employees. These benefits can be pointed out classifying then into following areas –
Eliminating of misunderstanding: It eliminates misunderstanding among the employees.
Knowledge of results: Through Performance appraisal knowledge of the result of works can be furnished to the employees.
Improved performance: If performances of employees are properly measured, their activities may be of high quality.
Determining training needs: With the successful appraisal of performance, training needs of employees assess accurately.
Sources of information: Proper performance appraisal also help the management get the correct information for making future plans and policies.
Cordial relations: Harmonious relation among the employees may be created if their performance toughly evaluated and a proper reward is offered.
Motivation and incentives: Effective performance appraisal can be used as motivational tools and incentives for deploying sincere efforts.
Procedural benefits: Organizations can enjoy sonic procedural benefits of regular conducting the performance appraisal program.
Participation: Which employee or manager is suitable for taking part in the decision-making the process that can be known by the performance appraisal of employees?
Easy supervision: Which employee is to be supervised and which not can be decided by proper performance appraisal.