Essay Performance Management

GENERAL BUSINESS Name Institution Performance appraisal is regular evaluation of the employees’ performance against the pre-established standards like quantity and quality of output, job knowledge, versatility, supervision, leadership ability and many others. The employees can be evaluated using either traditional annual evaluation method or new real-time feedback coaching format Traditional annual evaluation method of performance appraisals assigns managers the task of “weeding out” the lower performers once annually. The managers are anticipated to rate junior employees and come up with annual talent reviews. The findings obtained are used to judge who gets more money, who to promote and who to let go. Potential rating is also coupled with performance rating which attempts to capture an individual’s potential to be promoted to the next rank in an organization. This approach is based on the philosophy that “managers are trustful” and therefore they can be tasked with forcefully fit people into the rating scales. The new real-time feedback coaching format depends on the continuous dialogue and shared accountability. The managers here and their direct reports hold regular, informal ‘touch points’ where they set to update priorities based on customers’ needs. The manager is task with couching roles rather than critique. Anyone from the organization can come up with suggestions. The conversation between ...

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