Performance appraisal means evaluating an employee's current or past Performance relative to the person's performance standards. Appraisal involves:
(i) Setting work standards (ii) Assessing the employee's actual performance relative to these standards (iii) Providing feedback to the employees with the aim of motivating that person to eliminate deficiencies or to continue to perform above par.
Managers usually conduct the appraisal using a predetermined and formal method. Various methods of appraisal include:-
Graphic rating scale method.
Alternate ranking method
Paired comparison method
Forced distribution method
Critical incident method
Narrative forms
Behaviorally anchored rating scales
Management by objective (MBO)
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