Performance Appraisal

What is Performance Appraisal

Performance appraisal is a systematic process that measures an individual’s work performance against the established job requirements. Performance appraisal’s meaning indicates evaluating the employee’s strengths and areas of improvement and assessing their potential for future development. The meaning of performance appraisal lies in its holistic approach to determining an individual’s performance within a professional setting.

Objective of performance appraisal

The objective of performance appraisal is to utilize a comprehensive feedback system to gather insights from various sources, including superiors, peers, subordinates, and clients. It offers several advantages for organizations. Firstly, it fosters communication and accountability, creating a culture of open dialogue. It leads to improved employee morale and engagement. Secondly, performance appraisal determines suitable employee compensations based on performance, including additional benefits and allowances. Thirdly, performance appraisal assesses an employee’s performance status and provides valuable feedback on their job performance.

How Mercer | Mettl can help

It is pivotal for businesses to identify and utilize an employee-friendly process, selecting a tool that offers a comprehensive solution to evaluation requirements. Mercer | Mettl’s 360View is a cloud-based 360-degree feedback tool that ensures high completion rates and seamless implementation of a 360-degree appraisal system. It offers a holistic solution to evaluation needs, providing elaborate reports that allow organizations to assess employee performance comprehensively and make informed decisions.