in terms of his productivity with respect to the pre-determined set of objectives.
It is an annual activity, which gives the employee an opportunity to reflect on the duties that were dispatched by him, since it involves receiving feedback regarding their performance.
This performance appraisal method helps the , because he is well aware of his goals and already knows the quality and quantity that needs to be delivered.
It has been observed that when both employee and employer together decide the objectives, the probability of the individual meeting the goal is much higher.
His proficiency will be determined by how he deals with his day-to-day activities.
The appraiser in this method is usually the direct supervisor or manager under whom the employee is serving.This is a fair method of evaluating because the employee knows the odds that he is measured against.It doesn’t involve giving constant feedback to the employee, because he is being constantly self introspective, thereby saving time and efforts of the employer., which have small teams.This method is adopted by most startups, since it is easy to execute and track.Therefore, the amount of business generated by an employee determines whether he deserves to be promoted or terminated.It also evaluates the individual’s attitude, personality, behaviour and stability in his job profile.There are various applications of appraisals like compensation, performance improvement, promotion, termination, test validation, and much more.It involves making statements that describes both the positive and the negative reactions to stimulus by the employee at his work place.The statements are recorded cumulatively in a given period of time, so that one can evaluate how good the employee is at his job.It can be used by startups for evaluating employees serving at senior level.This method of evaluation is helpful for assessing managers, who have to deal with their subordinate, peers and supervisors for day-to-day business.