Importance of Performance Evaluation

 


(baachu, 2021)

Performance evaluation is the process of evaluating the employee's output & performance against expectations set by the management through goals and objectives of the organization. The process of performance evaluation is essential for any organization to make sure that their employees are in line with the organizational goals & also to have a comprehensive idea on each & every employees performance.

"Performance Evaluation is defined as a formal and productive procedure to measure an employee’s work and results based on their job responsibilities. It is used to gauge the amount of value added by an employee in terms of increased business revenue, in comparison to industry standards and overall employee return on investment (ROI)." (QuestionPro, 2021)

“Performance evaluation means evaluating an employee’s current and/or past performance relative to his performance standards.” (Dessler, 2017)

Benefits of Performance Evaluation
  • Make sure that the employees are in line with the organizational goals.
  • Will be helpful for the reward management process.
  • Create a communication channel between the employees & the management.
  • Helps the organization to keep track with high potential employees.
  • Gather data for future planning purposes.
  • Feedback from the evaluation will help employees grow personally.
  • Employees will be recognized for their contributions.
  • Organization will be able to analyze their performance & make the necessary adjustments to reach the organizational goals.
(Empxtrack, 2021)


Conclusion

In conclusion we could analyze that the performance evaluation is an extremely important tool for any organization to put into practice as it will help to give both the organization & the employee a clear understanding of their achievement & position against the goals & objectives set earlier & also it will highlight their shortcomings giving them a chance to improve upon them increasing their productivity. Most organizations carry out this technique on an annual basis whilst some organization conduct performance evaluations on a bi-annual or quarterly basis which might be more effective due to the regular feedback & evaluations received which would help minimize performance deficiencies, however in adverse the higher the frequency the costs & time involved also increased so it might not be feasible for all entities. Nevertheless it is highly recommended to conduct at least an annual performance appraisal to make sure that the organization & it's employees are on the right track.

References

baachu, 2021. baachu.
Available at: https://www.baachu.com/is-it-time-to-do-away-performance-evaluations/

Dessler, G., 2017. Human Resource Management. s.l.:s.n.

Empxtrack, 2021. Empxtrack.
Available at: https://empxtrack.com/blog/what-millennials-expect-from-performance-evaluations/

QuestionPro, 2021. QuestionPro.
Available at: https://www.questionpro.com/blog/performance-evaluation/

 


Comments

  1. Tharindu DassanayakeAugust 28, 2021 at 10:13 AM

    Nice article Jude . Performance evaluation directly affects employee engagement and ultimately affects organizational performance. Therefore, the annual assessment is not enough. There should be an appropriate mechanism for continuous evaluation throughout the year, and communication should be carried out in a shorter time frame. Further process should be independent transparent as well as self-explanatory. Thanks for sharing.

    ReplyDelete
  2. Bhashitha Dissanayake August 28, 2021 at 11:26 AM

    Hi Jude.a very good performance appraisal is one this is truthful, goal and smooth to apprehend. Formal reviews usually include precise evaluation criteria that connect to the job.

    ReplyDelete
  3. Mohamed AmjadAugust 28, 2021 at 1:29 PM

    Performance evaluation is the key tool to measure the employee performance and to fill the gap if there is any training requirement or necessary of replacement. Moreover, it is the tool to motivate employees and to get their extra commitments. as discussed, it should be conducted frequently not annually which let the employee to show their performance and let them to keep the work momentum as well.

    ReplyDelete
  4. Nadeeshan MadusankaAugust 28, 2021 at 2:02 PM

    Evaluations are frequently viewed as a record of previous performance. Some companies are even utilizing them to assess employee progress. If properly completed, they can lead to a better understanding of personal and professional objectives. This strategy can also assist in guaranteeing that employees are rewarded for their efforts and that they are given the appropriate training opportunities to improve their abilities, which can benefit both the individual and the company.

    ReplyDelete
  5. Sunith GeeganageAugust 29, 2021 at 12:20 AM

    A performance evaluation gives employer a chance to sit down with their employees individually and get to know them better, at regular intervals. Employer can give them feedback on how efficiently they doing their duties, also talk to them about their goals for the future and how they can best achieve them. An employee can discuss and even create a developmental plan with the manager so he can improve his skills.

    ReplyDelete
  6. Oshadha BandaraAugust 29, 2021 at 12:57 AM

    Performance evaluation provides employees recognition or rewards for their efforts and thus boosts employee morale and increases their job satisfaction. The importance of an employee evaluation is that it's instrumental in determining whether an employee's skill set is appropriately matched to the employee's job.

    ReplyDelete
  7. Arun_Prakash_MBA_BlogAugust 29, 2021 at 3:51 AM

    Employees receive acknowledgment or awards for their work as a result of performance review, which improves employee morale and job satisfaction. When managers take the time and effort to analyze, document, and discuss performance with their employees, it shows that they are valued members of the organization. This can boost a person's self-esteem, job happiness, and dedication. Managers can promote the suitable staff with the support of accurate performance reviews. Employee pay raises and incentives are also determined by performance reviews. Employers who link performance evaluation to pay rises and promotions demonstrate that money is distributed fairly and credibly.

    ReplyDelete
  8. Wathsala SiriwardhanaAugust 29, 2021 at 8:40 AM

    Interesting topic to talk Jude. Performance management is considered as a corporate management tool that helps to monitor and evaluate employees' work. It helps is to create an environment where people can perform most efficiently and effectively. Also it helps to boost employee engagement and productivity.

    ReplyDelete

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