Performance appraisals are quantifiable metrics used by employers to evaluate the good and bad performers and productivity. It gives employers feedbacks about employees performance.
The four major performance appraisals are:
- Behavioral checklists which are absolute results used by evaluators to focus on behaviors of employees.. It takes time to construct and consumes money.
- Ranking is a straight ranking method used by managers who conduct an overall assessment of employees from best to worst. However, this method is subject to errors and inconsistent appraisals.
- Essay methods is used for filling information gaps but highly dependent on writing skills.
- Management by objective (MBO) is used by management for managerial position. This method can't be applied to all jobs.
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