Methods of Performance Evaluation That Work
Performance appraisal is a crucial process that helps organizations evaluate their employees' overall performance and productivity. To ensure fair and efficient assessment, various performance appraisal methods have been developed over the years. One of the most commonly used methods is the graphic rating scale, in which employees are evaluated on predefined criteria and ranked on a numerical scale. Another popular method is the 360-degree feedback, in which employees receive feedback from multiple sources, including co-workers, supervisors, and subordinates. This method provides a well-rounded assessment of an employee's performance from different perspectives. Additionally, the critical incident method focuses on specific incidents and behaviors that highlight exceptional or below-average performance. Another effective method is management by objectives (MBO), where employees set measurable goals in collaboration with their managers and are evaluated based on their ability to achieve those goals. Other performance appraisal methods include forced ranking, behaviorally anchored rating scales, assessment centers, and self-appraisal. Each method has its own advantages and disadvantages, and organizations should choose the most suitable method based on their specific requirements and goals.