Performance appraisal its importance in contemporary global firms
Performance management is about how individuals contribute to an organization's goals. Effective performance management and appraisals focuses on aligning the company’s workforce, building competencies, improving employee performance and development, and driving better business results (Lee, 2017) Hence performance appraisals and management systems are important review tools that motivate, lead to job satisfaction and high performance if executed effectively (Buckingham, and Goodall, 2015).

The success of a Performance management and reviews will entirely depend on the extent to which preparation and planning has been carried to effectively implement the system. It should not be harried, there should be effective communication between managers and their subordinated. It should be carried out in a manner that participation and cooperation of the employees maximize to enhance trust and confidence in the outcome of the process. Therefore, success will entirely depend on preparation and planning for performance management (Heathfield, 2016).
Companies such as General Electric revamped their old appraisal system and implement newer flexible appraisal systems. The new system still heavily relies on managers to meet with the employees at the end of the year. However now the managers will be guiding employees and coaching them on their direction to meet their goals under less rigid framework. Oher world class firms such as Accenture and Google appraisal systems are based on employee goal setting DNA. (Duggan, 2017)
On the other-hand performance management reviews and appraisals are under fire for being ineffective and not achieving the results expected. Employee suspect the process and lack confidence and trust in the entire appraisal system because its not effective implemented by managers according to many researchers. Some suggest that the system should be ejected entirely and new systems that are proactive be implemented instead of the annual appraisal systems of yesteryear.
Appraisals are important process of motivating staff, building relationships between the management and employees, Building Competencies and skills and extracting high performance from employees. Industry leaders are of the view that it should be more frequently executed instead of the annual process. 








Reference
Buckingham, M., and Goodall, A., (2015) Assessing Performance Reinventing Performance Management. Harvard Business Management.  The April 2015 Issue.

Duggan, K., (2017) Six Companies That Are Redefining Performance Management. https://www.fastcompany.com/3054547/six-companies-that-are-redefining-performance-management accessed on 6th Dec 2017: time 5:26pm


Heathfield, S., (2016). Performance Management Process Checklist Step-by-step to a Performance Management System. https://www.thebalance.com/performance-management-process-checklist-1918852 accessed on 5th Dec 2017 at 10.30 AM



Lee., C., (2017) 21st century thinking on performance management. A white paper and Video’s 

Comments

  1. prathapDecember 6, 2017 at 7:41 AM

    Impressive article.My opinion if performance appraisals should be conducted more than twice a year. It will help to keep the synchronized employees

    ReplyDelete
  2. Nadeesha wijesooriya December 6, 2017 at 8:22 AM

    Excellent essay & good references,and I also agree with prathap.

    ReplyDelete
  3. Manuraja AriyarathnaDecember 6, 2017 at 10:14 AM

    Good referencing for the essay, Good One Ravindra...!

    ReplyDelete
  4. SAMANTHA.HRMDecember 6, 2017 at 5:52 PM

    good references

    ReplyDelete
  5. UnknownDecember 8, 2017 at 5:58 AM

    A well structure essay good flow, in-text citation and references are in Harvard style why are they highlighted though. A good understanding of issues in appraisal systems and the problems in effectively managing the process.

    "subordinated should be subordinate, a few words are not written properly, additionally in one place "and" has be repeated three times, also it should be effectively and not effective."

    Keep up the good job!!

    ReplyDelete
  6. UnknownDecember 15, 2017 at 1:13 AM

    very good effort keep it up

    ReplyDelete

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