Performance Appraisal Systems: Techniques, Methods, and Common Errors
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Performance Appraisal Systems
Many companies establish methods to improve employee performance and correct errors. Performance appraisal systems are well-established in organizations. Information gathered by these systems is used to decide wage adjustments, promotions, and training. Managing and evaluating performance remains a challenge for most managers. Performance management is the process of linking individual or group performance with the main strategic mission and values.
Objectives of Performance Management Systems
- Motivate Performance: Employee motivation and performance are key factors for business success. Owners and managers strive for good performance.
- Aid Continuous Improvement: Performance management systems help identify areas for