Performance Appraisal Methods Overview
Performance appraisal is a critical process in organizations aimed at evaluating and measuring employees' performance. There are various methods used for performance appraisal, each with its strengths and weaknesses. Here are 11 common methods of performance appraisal:
1. Graphic Rating Scales
2. 360-Degree Feedback
3. Management by Objectives (MBO)
4. Behaviorally Anchored Rating Scales (BARS)
5. Critical Incident Technique
6. Assessment Centers
7. Peer Review
8. Self-Assessment
9. Forced Ranking Method
10. Essay Method
11. Human Resource Accounting
Each of these methods offers a unique approach to evaluating employee performance and providing feedback. Organizations should carefully select the most suitable method or a combination of methods based on their specific needs and organizational culture. Proper implementation of performance appraisal methods can lead to enhanced employee performance, development, and overall organizational success.