How can performance appraisals be improved?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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How can performance appraisals be improved?
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Step 1
Performance review / appraisals can be made effective by the manager if he / she follows the right goal setting, tools for measuring and monitoring, effective feedback and communications to the team. The right performance management system rewards the employees for their good work and increase the belongingness to the company. It also helps the company identify the high performing individuals who could be handed over critical responsibility in the company.
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