Can anyone tell me the difference between performance appraisal and performance management? :roll:
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Performance appraisal and performance management are two related but distinct processes in the realm of human resource management.
Performance appraisal typically refers to the formal assessment of an individual employee's job performance against predetermined criteria. It is often conducted annually or semi-annually and involves evaluating the employee's strengths, weaknesses, achievements, and areas for improvement. The primary goal of performance appraisal is to provide feedback to employees, identify training and development needs, and determine rewards or promotions based on their performance.
On the other hand, performance management is a more comprehensive and ongoing process that involves setting clear objectives, continuously monitoring progress, providing feedback, coaching, and development opportunities to enhance employee performance. Performance management focuses on aligning individual goals with organizational goals, fostering employee growth and development, and creating a culture of continuous improvement.
In summary, while performance appraisal is a component of performance management, the latter encompasses a broader range of activities aimed at maximizing employee performance and achieving organizational objectives.