What are the Methods of Performance Appraisal in Corporates?

Posted on 24th Jul 2018 | 1328 views

4 avg. rating (80% score) - 1 votes

What are the Methods of Performance Appraisal in Corporates?

What are the objectives of Performance Appraisal?

●‎ Improving productivity of an individual and company

●‎ Helping managers make informed decisions related to organizational changes

●Providing a well-defined framework to assess a job description

● Evaluating employees with respect to their job descriptions and company goals

●‎ Determining strengths and weaknesses of every individual

●‎ Chalking out goals and strategies to achieve new goals, based on improvements and strengths of the employees

. Traditional Methods

Performance Appraisal Methods are categorized into

1. Traditional Methods

2. Modern Methods

1. Traditional Methods

Traditional methods are the oldest methods of performance review, which studies about the personal details of the employee such as their knowledge, initiatives taken, loyalty towards the company, and leadership and judgment skills.

a) Ranking Method

This method includes ranks the employees from the best to the worst.

b) Graphic Rating Method

This method assesses the personal and behavioral traits of the employees.

c) Critical Incident Method

This method assesses the critical incidents during the task performance.

2. Modern Methods

Modern methods are used to eliminate the drawbacksof the traditional performance appraisal techniques.

a) Self-Assessment

This method is used to evaluate his/her work by filling a form and describe the work done. The main use of self-assessment methodology is that it encourages the healthy conversation between the employees and managers.

b) Graphic Scale

This is the mostly used by managers in which the employee’s performance is graded on a scale. Here the grading system uses a 5 point rating scale to assess the performance of the employees.

c) Behaviorally Anchored Rating Scale (BARS)

BARS use variousbehavioral examples to explain about the multiple levels of performance against the points mentioned in the job description.

d) 360 Degree Method

360 degree method involves the feedback from the manager, clients, team members or subordinates, if any. In this process they consider different elements like complete profile, work performance and technical skill sets of the employee are assessed.

e) Checklist

It is the simplest method of performance appraisal, where the candidate is asked with a series of performance questions and has to choose from the options of Yes or No.

0 Comments on What are the Methods of Performance Appraisal in Corporates?

What is HBSAT

Posted on: 10th Dec 2019

What is HBSAT? Hyderabad Business School Aptitude Test, commonly known as HBSAT is an admission entrance test for admission into two-year full-time MBA programs offered at Hyderabad Business School. HBSAT is conducted every year by Hyderabad Business School of GITAM (Gandhi Inst...

Retail sector saw 25% growth in hiring trends followed by IT/Telecom sectors: October 2019 hiring trends report

Posted on: 28th Nov 2019

Retail sector saw 25% growth in hiring trends followed by IT/Telecom sectors: October 2019 hiring trends report Wisdom jobs hiring trends report October 2019 found that there is a growth in talent demand for Consumer Durables/FMCG, Retail and Petrochemicals/Oil and Gas/ Power re...

What is BET 2020?

Posted on: 19th Nov 2019

Bocconi Entrance Test (BET) – 2020 What is BET 2020? Bocconi Entrance Test, commonly known as BET is a university level entrance for admission into International Master in Business (IMB) program offered by The University Bocconi, Mumbai. Bocconi Entrance Test is organiz...

UPAT- UPES Planning Aptitude Test 2020

Posted on: 18th Nov 2019

UPAT- UPES Planning Aptitude Test 2020 What is UPAT 2020? UPES Planning Aptitude Test 2020 an online entrance exam, commonly known as UPAT 2020 is considered as the gateway for admission to B-Plan (Bachelor of Planning) program offered by the University of Petroleum and Energ...

B-MAT/ BVP B-MAT 2020

Posted on: 14th Nov 2019

B-MAT/ BVP B-MAT 2020 What is B-MAT? BVP B-MAT or simply B-MAT is a Management Aptitude Test for admission to various PG management programs such as MBA (various streams)/PGDM conducted by BharatiVidyapeeth Deemed University, Pune. B-MAT 2020 will be organized by BharatiVidya...

AIMS Test for Management Association – ATMA 2020

Posted on: 13th Nov 2019

AIMS Test for Management Association – ATMA 2020 What is ATMA? AIMS Test for Management Association commonly known as ATMA is a national-level entrance exam and gateway for admission to many post graduate management and technical related professional courses such as ...

Alliance Management Aptitude Test – AMAT 2020

Posted on: 11th Nov 2019

Alliance Management Aptitude Test – AMAT 2020 What is AMAT 2020? Alliance Management Aptitude Test, commonly known as AMAT is a gateway for admission to MBA and other management program like PGDM offered at Alliance School of Business, Bangalore conducted by Alliance Un...

Talent demand saw growth across the sectors: Hiring trends 2019

Posted on: 07th Nov 2019

Talent demand saw growth across the sectors: Hiring trends 2019 Telecom sector ● Job share was the highest at junior level. However, demand was high for senior level candidates as well ● Demand was high for IT/Telecom and Sales/Business Development professionals at junior...

How to crack SNAP 2019?

Posted on: 06th Nov 2019

How to crack SNAP 2019? Symbiosis National Aptitude commonly known as SNAP is a university level management entrance examination for admission to the MBA and MSc (Computer Application)/MSc (System Security) programs offered at various Symbiosis Institutes located in various pa...

How to write a sales/marketing CV?

Posted on: 01st Nov 2019

How to write a sales/marketing CV? Sales and marketing are two terms that professionals often hear commonly. Though there is a difference between sales and marketing functions, these two functionswork closely together. Here we are explainingthe ways of writing a sales and market...

How to become an air hostess?

Posted on: 31st Oct 2019

How to become an air hostess? To become an air hostess of any reputed airlines, you need to have patience and serve all kinds of people. Here we are discussing about the career guide of an air hostess. Who is an air hostess? An air hostess is part of a cabin crew respons...

Employment Termination

Posted on: 28th Oct 2019

Employment Termination What is Termination from Employment? What does it mean when an employee is terminated or dismissed from the employment/job position? Well, when an employee ends his/her job is termed as “termination”. Termination can be occurred by employer ...

What are the Methods of Performance Appraisal in Corporates?