Study on Impact Assessment of Performance

Topics: Performance appraisal, Sampling, Human resource management Pages: 4 (1163 words) Published: February 15, 2013
Study on impact assessment of performance appraisal system on productivity standards of employees.

Reference: Introduction
Human Resource Development is the basis of success of any organization. HRD helps to enhance employee’s effectiveness and helps to achieve organizational goals. Now with the emergence of so-called “NEW ECONOMY”, the increasing role of knowledge in industry is becoming obvious. In the emerging knowledge age, incessant learning by employees through effective Training and Development is going to be a key to survival and growth for organizations. Without effective Training and Development no enterprise can claim to be giving due importance to HRD.  Performance appraisal can be defined as the process of evaluating the performance of an employee & communicating the result of the evaluation to him for the purpose of rewarding & developing the employee. According to Michael Armstrong “Performance appraisal is a formal assessment & rating of individual by their managers at usually at annual review meeting.” Performance can be defined as the degree of accomplishment of tasks by an employee in his job. In some organizations it is measure of the result achieved & target accomplished whereas in others, it is a measure of employee efforts & behavior. However most organizations use a combination of both efforts & results. Performance appraisal in the real sense can be carried out only when the employees are provided with the required amount of training. In the unfolding economic scenario it is increasingly being realized that employees are the most precious assets of any company. Any investment in introducing performance appraisal techniques is worth only when the above mentioned criterion is fulfilled. Every organization nowadays is using various methods for appraising the performance of the...
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