Showing posts with label Modern Appraisal Methods. Show all posts
Showing posts with label Modern Appraisal Methods. Show all posts

Thursday, December 8, 2022

Modern Appraisal Methods

 Modern Appraisal Methods 

Modern methods are established to improve traditional appraisal methods. These techniques focus on the work results of the employees. Those techniques eliminate the drawback of the traditional methods such as fundamentality and subjectivity (Rajitha, et al., 2019).

360 Degree/Multi-Rater Performance Appraisal

As stated by Woods (2012) this technology is one of the major techniques used in small and medium-sized organizations. The 360-degree appraisal system involves an appraisal system that encompasses the views of diverse groups of reviewers who socialize with the organization’s employees. These groups may consist of superiors such as managers and supervisors of the employee, peers, and customers. The opinion of the employee is also considered by using this appraisal system a considerable number of facts regarding the employee can be collected. It is the great advantage of the angles360 approach because it collects information from multiple sources or different degrees.  This approach diminishes the supervisors' favoritism-based or biased comments regarding the employees.

Management by Objectives (MBO) Management

Management by Objectives (MBO) Management by objectives as one of the key appraisal methods is defined as a result-based evaluative program. In this process, a few main stakeholders gathered and defined the goals. This board can be a collection of subordinates, supervisors, and employees as well.  In this process, the very first step is setup the flawless objectives for the employee. The second step consists of the process of achieving the defined goals. The employee should implement the action plan. Then the appraisal procedure will be fully based on these objectives and plans. The advantage here is that the manager and the employee can have open communication and review whether they were able to reach their goals in performance appraisal.  Also, this method is best applicable for non-ordinary positions as it requires an elevated level of thinking, and to be efficient at MBOs, managers, and employees should write strong objectives. (Idowu & Ayomikun, 2017).

Graphical Rating Scales

This technique can be defined as the widely used performance appraisal technique in most organizations in this approach manager use checklists and rate employees' excellence depending on the aspect being evaluated. Attributes the popularity of graphical rating scales to the ability to use such scales for a variety of jobs. Such scales are also considered as requiring minimal cost, training effort, and time. Further, it identifies several performance factors that can be effectively measured using the help of graphical rating scales. (Woods, 2012)

Assessment Center Method –In this approach assessment center is a central location where managers can be brought together, and trained observers assess their participation in work-related activities (Hammond & Adamson, 2014) In here certain criteria are monitored planning an organization's ability, self-confidence, stress resistance, energy level, decision-making ability.

Behaviorally Anchored Rating Scale (BARS) - This method is more informative than simplistic characters. Scale points are defined by the demanding (effective or ineffective) behaviors of the employee. The person rate employee will appear as an observer rather than a judge (Mathis and Jackson, 2011).

Psychological Appraisals - Method focused on employees' expected performance than past performance.  carries out through comprehensive Interviews, psychological tests, and investigation of other evaluations. It considers employees’ emotions, intelligence, motivation, and other personal characteristics that influence performance. IT will encourage smart younger employees who may have considerable potential, though the method is slow and expensive. The quality of assessments will depend on the psychologist's skill-set (Holpp, 2011).

Employee performance has traditionally been managed by the human resource department and head of HR.  A considerable number of techniques have been developed to measure the performance of employees. Employee appraisal methods have developed not only to rank the performance of the employees but also a method to motivate employees and support them to do their jobs accurately.  Companies used a mixture of these techniques to evaluate and improve employees in their organizations. 


                                                                                   (Source: Youtube Mathis and Jackson, 2011).

References.

  • Rajitha, M., Balachanda, P. & Ranjithkumar , P., 2019. Performance appraisal: traditional and modern approach. adalya journal, 8(11), pp. 70-120.
  • Idowu & Ayomikun, o., 2017. Effectiveness of Performance Appraisal System and its Effect on Employee Motivation. NIle Journal of Business and Economics, Volume 5, pp. 15-39.
  • Woods, A., 2012. Subjective adjustments to objective performance measures: The influence of prior performance‘, Accounting, Organizations and Society. Research Gate, 37(6), pp. 400-425.
  • Mathis, R. L. &. J. J. H., 2011. Human Resource Management. Boston MA: West-South.: 13th ed.
  • Holpp, W., 2011. Win-Win Performance Appraisals: What to Do Before, During, and After the Review to Get the Best Results for Yourself and Your Employees: What to Do Before, During and After the Review.. 1st ed ed. USA: McGraw-Hill.


The Role of Artificial Intelligence in Employee Performance Management

Artificial Intelligence (AI) is revolutionizing employee performance management, offering innovative solutions to streamline processes, enha...