Performance Appraisal is a great strategic opportunity for organizations aiming towards business excellence - whether it is performed once a year, 2 or 4 times a year or monthly.
Performance appraisal can be thought of as similar to school exams - students are allotted marks as per their performance, and are ranked and appreciated based on their scores. It can be used as a simple evaluation tool to review and analyze employee performances.
We can also elevate it to a more strategic engagement mechanism, between the organization and its people.
In the good old days, every human resource was replaceable with just any other resource and hence discussions on ROI often boiled down to the cost of attrition.
From agricultural economy, to manufacturing economy, to information / knowledge economy, we are now entering an era of innovation economy.
How do you measure the cost and benefit of inspiring an employee to innovate which results in say 10X revenues or 90% cost reduction? Even more difficult is measuring the network effects of team spirit and passion towards a collective purpose which is meaningful. But, from a financial angle, any system implementation will need some investment, time and effort from the organization.
People have lost faith on the traditional pay-for-performance programs, HR driven performance appraisals and performance management in general. It is one of the relics of the past era that is surviving in many organizations, only because there is no alternative paradigm in place.
The first part of this e-book, will examine what business leaders, HR experts and practitioners are saying about the state of performance management in the current millennium.
The second part will introduce you to some new paradigms of looking at people and their relationship with organizations. We will look at perspectives from leadership gurus, thought leaders and on-the-ground practitioners.
The third and final part will provide you with a road map on how you could transform your organization from “where it is” to “where you want it to be”.
Find out the Best Practices followed by successful HRs, Before and After Performance Appraisal at Synergita-performance appraisal and continuous feedback system white papers
Performance appraisal can be thought of as similar to school exams - students are allotted marks as per their performance, and are ranked and appreciated based on their scores. It can be used as a simple evaluation tool to review and analyze employee performances.
We can also elevate it to a more strategic engagement mechanism, between the organization and its people.
In the good old days, every human resource was replaceable with just any other resource and hence discussions on ROI often boiled down to the cost of attrition.
From agricultural economy, to manufacturing economy, to information / knowledge economy, we are now entering an era of innovation economy.
How do you measure the cost and benefit of inspiring an employee to innovate which results in say 10X revenues or 90% cost reduction? Even more difficult is measuring the network effects of team spirit and passion towards a collective purpose which is meaningful. But, from a financial angle, any system implementation will need some investment, time and effort from the organization.
People have lost faith on the traditional pay-for-performance programs, HR driven performance appraisals and performance management in general. It is one of the relics of the past era that is surviving in many organizations, only because there is no alternative paradigm in place.
The first part of this e-book, will examine what business leaders, HR experts and practitioners are saying about the state of performance management in the current millennium.
The second part will introduce you to some new paradigms of looking at people and their relationship with organizations. We will look at perspectives from leadership gurus, thought leaders and on-the-ground practitioners.
The third and final part will provide you with a road map on how you could transform your organization from “where it is” to “where you want it to be”.
Find out the Best Practices followed by successful HRs, Before and After Performance Appraisal at Synergita-performance appraisal and continuous feedback system white papers
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