Hi All, Could anyone provide insights on the quarterly appraisal system and how the quarterly performance rating is considered for the annual appraisal? Is there a template or an Excel formula/sheet for the calculation of the quarterly rating and its cumulative final rating?
Thank you,
Regards, Sreedevi
From India, Thiruvananthapuram
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1Thank you,
Regards, Sreedevi
From India, Thiruvananthapuram
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Dear Sreedevi, You can set normal goals for each quarter, measure the attainment, and at the end of the year, take the average of all four quarters. Quarterly measurement is fine, but much depends on the designation and the nature of work. Certain goals can be measured at the end of the year. Take the case of "Inventory Turnover Ratio" for a purchase manager. While it is possible to measure quarterly, it may be a futile exercise. The real measurement is for the financial year only. In such cases, you may have goals for various performance cycles. It could be quarterly, half-yearly, or yearly. All can go concurrently.
Thanks,
Dinesh Divekar
From India, Bangalore
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Thanks,
Dinesh Divekar
From India, Bangalore
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Sample Performance Appraisal rating form.doc
A SIMPLE STUDY ON PERFORMANCE APPRAISAL SYSTEM.ppt