Key component of effective performance appraisal program include:
1) Job expectations: performance management begins long before an
employee firstl annual performance appraisal .an employee first day on
the job is the first chance to establish job expectations. Job description
contains a list of tasks and responsibilities However job expectations
include duties and responsibilities and the manner in which an employee
should perform job.
2) Performance standards: it’s a benchmark supervisor and Manager use
to rate employee performance. They are especially helpful in quantify
performance for more precise rating.
3) Performance appraisal training: training supervisor and managers how
to conduct appraisal meetings is just one part of developing an effective
performance appraisal program.
4) Performance based compensation and rewards: if there is anything to
look forward to when performance appraisal tone comes around it’s
anticipating a salary increase or year end bonuses constructing a
effective performance appraisal program require collaborative work with
the compensation and benefits specialist to determine allocation for
salary increases,incentives and other monetary rewards.
