IntroductionBeing a manager in any corporation comes with all sorts of responsibilities. You are in charge of leading your team to new heights and ensuring that all the requirements of the projects you’re in control of are being fulfilled. Show
1. Rating Scales MethodThe rating scales method is a traditional method of performance appraisal that is extremely popular. It isn’t just a traditional method of performance appraisal of employees, but a very popular method of any type of performance appraisal.
2. Essay AppraisalThis method of performance appraisal is also known as the free form method. This is a traditional method in which your manager will compose an essay based on your performance in the previous year or quarter. Since this essay is free form, the manager can include several different features of your work.
3. Ranking MethodThe ranking method of performance appraisal is very commonly used in medium and small-sized companies.
4. Paired ComparisonThe paired comparison technique is yet another method using which employees can be ranked by comparing them to one another. However, this method is significantly more complex and time-consuming.
5. Critical Incident MethodIn this method of performance appraisal, managers will log the critical incidents that a particular employee was involved in. Critical incidents don’t just have to mean negative incidents in which the employee’s performance was below par.
6. Confidential Report SystemThe confidential report is a traditional method of performance appraisal but is not generally used by private organizations. Most commonly, this method is used by public or governmental organizations.
7. Checklist MethodThe checklist method is perhaps the least time-consuming performance appraisal example among traditional methods of performance appraisal.
8. Field Review MethodThe human resources department may find a reason to believe that a manager’s review is biased or inflated. In that case, they may take it into their hands to conduct an accurate assessment.
9. Management By ObjectivesIn a modern corporate setup, management by objectives is one of the most common methods of performance appraisal. Management by objectives mainly consists of four steps.
10. Assessment CenterAn assessment centre is an entirely different form of performance appraisal. In the assessment centre approach, employees gather together at a specified centre to be assessed by their managers. They are given tasks, both group and individual, and evaluated based on their performance in these tasks.
11. 360-Degree AppraisalThe 360-degree appraisal is a method that involves multiple people when developing a comprehensive review of an employee’s performance. Every person who has had an interaction with an employee gets to give the employee a review.
12. Cost Accounting MethodThis is one of the most objective performance appraisal types. In this performance appraisal method, all that matters to the employer is the profit you have generated for them.
13. Psychological AppraisalsEmployees’ hidden potential can be discovered through various methods of performance appraisal. Instead of analyzing a worker’s past work, this approach focuses on their potential future performance. It is through these psychological evaluations that an employee’s abilities in seven different areas are examined, including their interpersonal abilities, leadership skills, emotional quotient, cognitive abilities personality traits, intellectual traits, and other related skills.
ConclusionEvery company has different needs and requirements from its employees. To pursue these requirements and encourage employees to do better for the company,
all companies implement various methods of performance appraisal. ALSO, READ
In which method of performance appraisal employees are ranked from best to worst?(i) Ranking Method Ranking is one of the simplest methods of performance appraisal. Under this method, employees are ranked from the best to the worst according to their performance level. The best performing employees are ranked #1 and the least performing one is ranked the last.
What is ranking method of performance appraisal?Ranking method is a method of performance appraisal. Ranking method is the oldest and most conventional for of method. In this method all employees are compared on the basis of worth. They are ranked on the basis of best to worst.
Which method is the most popular method for ranking employees?The correct option is A) graphic ranking scale.
What are the 3 types of performance appraisals?There are several types of performance appraisals, including peer reviews, self-assessments and 360-degree assessments.
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