Performance Appraisal is the key role of the performance management system as it evaluates the performance of employees and ties the organization together. The past work and future expectations for improvement determine performance appraisal. The appraisal result helps the employees determine where they need to improve their skills.
Modern Vs Traditional Method of Performance Appraisal
The modern method of Performance Appraisal depends on the 360-degree performance of an employee, management by objective, psychological appraisal towards the workplace and finally behavioral anchored rating scale(BARS).
Approaches that are formed on the ranking method, paired comparison, grading method and the critical incident method among others can be denoted as Traditional Performance Appraisal.
Eliminating Performance Management Headache with FlexiEle HRMS
FlexiEle’s performance management system is here to identify and create an environment for your employees to have high-performance opportunities and thrive to grow with the organization.
- The Competency Model of FlexiEle Performance Management System will help you to customize each role and career level according to the organization. Employees will get the option to add competency and modify proficiency of pre-existing competencies. Here Manager of the organization can access, track, and approve employee competency levels.
- Goal Setting is another feature of FlexiEle’s PMS where the admin and the Manager can approve, set, or edit the goal of the employee on a yearly or quarterly basis. They can connect a series of goals or KRAs based on the organization’s department, team, or individual. Employees can also set their goals or KRAs quarterly or annually as required along with weightage against each goal.
- The next key category available in FlexiEle’s Performance Management System is the Appraisal Cycle. In this category, the organization can fix the monthly or annual cycle of the employee based on their level and department. An employee can self rate themself to shoulder the stress of the manager ranking their employee every month.
- An organization can use the Objective and Key results of FlexiEle’s Performance Management System where they can structure employees’ objectives and their results along with weightage against each objective.
- IDP or Individual Development Plans in the Performance Management System of FleixiEle helps to develop a plan for the employee according to their current designation or their aspiring job role. Admin and Manager of the organization will always be able to track the progress of IDP. They can also share their feedback according to the employee’s development plan.
- Performance Management Plans and Promotion or PIP by FlexiEle. The feature helps managers assess employee performance against PIP objectives through interim and final assessments. Managers can also recommend promotion by filling out the feedback form and progressing the performance of the employee.
- FlexiEle offers a Nine Box Matrix in the performance management system which is used to evaluate and plot a company’s tools based on two factors, performance and potential. Helps HR to identify the low-performing employees and help them to enhance their performance.
- Finally, FlexiEle is there with their compensation revision where HR leaders can use this for salary hikes and distribution among employees.
Transformation of Appraisal in HRMS
Performance appraisal is a significant part of HRMS as it helps with employee development, employee improvement, and productivity. It will help the employee to get promoted if they work well in the company. This feature can be used as an identification if any employee requires training or if any external training is required.
Therefore Performance Appraisal plays an important role in Performance Management System to keep track of employees’ performance, strengths, and weaknesses. The feedback provided by the manager will help the employee reach their full potential.
