Running Head: PERFORMANCE APPRAISAL SYSTEM
Performance Appraisal System
PERFORMANCE APPRAISAL SYSTEM
A productive and competent workforce is indeed the lifeblood of an organization. As the
battle and competition for skilled and talented workforce escalate, companies are moving with
speed to learn the significance of having the appropriate employees who will drive growth. The
right people can only be realized through adoption of efficient performance appraisal system.
The employee performance management or appraisal system is all about the alignment of the
organizational goals with the staff’s accepted measures, competencies, skills, development plans
as well as the delivery of outcomes. This executive summary will focus on ensuring that the firm
understands the new performance appraisal system along with various details which are linked to
the development of the performance appraisal system. The focus of the Matrix Company
adopting this performance appraisal system is to ensure there is an improvement, learning as well
as development with the aim of achieving the overall business objective as well as the creation o...