Blog 8 - The Use of Performance Appraisal and Reward System in Enhancing Employee Performance
The Use of Performance Appraisal and Reward System in Enhancing Employee Performance
Figure 1:
Rewarding Systems Effectiveness
"How well a worker meets his or her
job obligations as well as accomplishes the tasks assigned" is really how
human transition is characterized. It pertains to with an individual's output's
usefulness, integrity, as well as timeliness." The quality of the service
is evaluated to determine what beneficial that individual is to the firm.
"A methodical, broad, but frequent method that evaluates a user's work
performance with accordance with pre-factors as well as organizational
requirements," according to the definition of job evaluation. (Rusu et
al., 2016)
Effective Performance Appraisal Provides Clarity on
Goals to Achieve
Figure 2: Benefits of Performance
Appraisal
Instead of just executing disconnected
duties, employees can perform towards the fullest potential while they are
informed of what it was, they were aiming to but also how their actions are
aiding the firm keep going. Customers and staff can analyze the job description
as well as define anticipated performance data that are in line only with
company's objectives during an appraisal system. (Fullerton
& McWatters, 2002)
Performance
Appraisal Increases Accountability of an Employee
Figure 3: Rewarding Objectives
The problems as well as triumphs of the
thorough review term are shared with supervisors because when investment
project is assessed. Such discussions give employees knowledge into their
sectors of advantages and disadvantages, paving the route for professional
growth. Individuals cause a stronger deep commitment to recognize as well as
build on their production shortcomings as a result of this self-awareness. As
the saying goes, the first element to progress is consciousness. Individuals
become more liable for their activities and so more eager to raise their
productivity level of this.
Performance Appraisal Increases Employee Motivation
Figure 4: Performance Appraisal
Methods
Employees can be
legally declared for their achievements through performance appraisal system by
their mangers. Employees should be encouraged to labor on corporate goals
whenever they are recognized for their contributions. Bonuses including as
advancements, pay increases, staff training programmes, and prizes, among many
others, are motivating factors as during appraisal system. Individuals who are
inspired are more likely to work with the organization for a long period of
time. (Chenhall & Langfield, 2003)
Conclusion
Thus, having effective
performance appraisal and rewarding systems in place can lead to better staff
motivation and willingness to work that would ultimately increase the overall
employee performance.
References
Rusu, G., Avasilcăi, S. and Huţu, C.A., 2016.
Organizational context factors influencing employee performance appraisal: A
research framework. Procedia-Social and Behavioral Sciences, 221,
pp.57-65.
Fullerton, R.R. and McWatters, C.S., 2002. The
role of performance measures and incentive systems in relation to the degree of
JIT implementation. Accounting, Organizations and Society, 27(8),
pp.711-735.
Chenhall, R.H. and Langfield‐Smith, K., 2003.
Performance measurement and reward systems, trust, and strategic change. Journal
of management accounting research, 15(1), pp.117-143.
As discussed in this article, a main role of HR is to carry out an effective performance appraisal procedure. A transparent & effective performance evaluation will enable to identify the skills & capabilities of employees, identify the areas of improvement and provide training & development opportunities. It will provide better morale and increased productivity. Good article. All the Best Uditha!
ReplyDeleteWhen employees are appreciated for their contribution, they are motivated to work towards organizational goals. During the appraisal process, incentives such as promotions, salary hike, employee development programs, rewards act as great motivators. One of HR's primary responsibilities is to carry out a thorough performance review process. You have nicely described it in this article. Wish you all the very best!
ReplyDeleteIt can also be used to justify an employee’s compensation and their potential for promotion.Good article.
ReplyDeleteHaving effective performance appraisal and rewarding systems in place can lead to better staff motivation and willingness to work that would ultimately increase the overall employee performance.👍
ReplyDeleteAs you have explained, placing a well structured employee appraisal system is critical in identifying talents and employees who require improvements. This directly has an impact on the satisfaction and performance of the organization as a whole.
ReplyDeleteGood article uditha!
Thank you, Zaman! appreciate your feedback.
DeleteA performance appraisal is a systematic review of an employees job performance and involvement to company.this is very important topic for the organizational performance development.every organization must use performance appraisals to regulate which employee have contribute the most to the company growth. well done uditha
ReplyDeleteAccording to your article ,as a result of successful performance appraisal and reward programs, employee motivation and readiness to work will improve. Well written !! Good luck !!!
ReplyDeleteHighly appreciate your valuable comment.
Deleteemployee will be motivated when the employee’s performance is evaluated and rewarded. Rewards include promotions, incentives, other allowances, and commission for the target. Nice article good luck
ReplyDeleteAs you well explained, Performance Appraisal and Reward System in Enhancing Employee Performance are very importance to the organization. well written. great work
ReplyDeleteHighly appreciate your valuable comment.
DeleteAs you well-written, A performance appraisal and reward system recognizes and rewards employees whose efforts advance your company's goals. That is what distinguishes the system from regular raises or merit pay. Employees benefit from annual raises because they help them stay ahead of inflation.Good luck
ReplyDeleteThank you so much for your valuable comment! I highly appreciate your encouragement.
DeleteAs mentioned in the article, performance appraisals aid the organization in reviewing the performance level of the individuals of the organization and through the use of such data and management can reward employees by reviewing the performance levels of the employees. 360 degrees are a good overall performance appraisal tool and KPIs are another method management can use to measure employee performance. Great article.
ReplyDeleteThank you, Pasan! appreciate your feedback.
Delete