Choosing the Best Performance Appraisal Method for a 60-Person Company: Any Suggestions?

Hi All,

Can anyone tell me which method of performance appraisal would be better/compatible for a company of 60 people? I would like to know briefly about all the performance appraisal methods! If anybody has knowledge on that, then kindly share with me.

Regards,
Mitu Srivastav

360 degree provides feedback on behaviors only and is best suited to larger organizations where it's difficult to just sit around a table to discuss. Performance appraisals also need to appraise accomplishment of goals. The level of complexity, formality and needs for software systems will vary widely from company to company. For smaller companies, generally speaking, the system would typically be more informal, less complex and more based on discussion than filling out forms.
There are other major issues involved, such as the degree of anonymity in giving feedback and the method of debrief. Factors for consideration here are the prior levels of trust and openness in the organization.
Vicki Heath
http://www.businessperform.com