Saturday, December 15, 2018

The best performance appraisal method is 360 degree appraisal method.


What is performance of the employee?

Performance is good ranking of the employees according to their job role. It means, in a work place, if the employees can show skills, strategies, within own job responsibilities, it is performance. Every organizations try to manage the performance of each employee, team and process itself. With performing people, easily can be gone to achieve the goal by the organization.

Behavior that accomplishes result.
                             (Armstrong, 2017)
Assessment of performance entails evaluation of inputs and output
                                                                                       (Brumbach,1988)
Performance is the “outcome of three determinate”
v  Facts & things
v  How things are done
v  Motivation to them
(Armstrong, 2017)
Performance appraisal

Employees have a good understanding about the company’s goal & objective and they are doing their duties as the best as individual or team to achieve finally organization’s goal.         The company should have a good understanding about each employees’ abilities, Skills and knowledge, Strategies (etc) when they are playing their role in the organization. A systematic evaluation method for performance of employees should be done to have an understanding of the abilities of the resources for future growth and development. It is performance appraisal and following objectives are showing that why do we performance appraisal?

1)    To decide salary packages, increase in salary, pay structure etc of the employees. And also, further to motivate through the proper performance appraisal can be provided bonuses, variable allowances and benefits

2)    To identify of people’s strengths and weaknesses of the resources in order to put them at the right job. If have strengths, further to support to develop their strengths and if have weaknesses, further given advises and required resources to re-correct their weaknesses.

3)    At the right situation, Can be identified to keep hold of the training programs for the promotion of the employees.

4)    Appraisal can be called as a motivational tool for employees. By setting standards to achieve the targets, the employees are motivated to perform as well as to develop their performance in future.
5)    To understand the probable interests of the employees for future development.



Methods of Performance Appraisal


1.    Rating Scale Method
2.    Essay Appraisal Method
3.    Confidential Report System
4.    Ranking Method
5.    Critical Incident Method
6.    Confidential Report System
7.    Check List Method
8.    Graphic Rating Scale Method
9.    360 degree appraisal method

Introduction of 360 degree appraisal method
This method was first used from 1940 which is a system all the people are involved to get feedback about the employees. Required feedback is collected from managers, peers, subordinates, customers, suppliers, labors, etc. Usually, 360 degree appraisal method is used for employee’s middle & senior level. The complexity of their roles enables the organization to generate sufficient data from all stakeholders for a meaningful assessment.

There are four stages of 360 degree appraisal method.
1)    Self-Appraisal
2)    Superior’s Appraisal
3)    Sub-ordinates Appraisal
4)    Peer Appraisal

Coates (1996) discussed about the Multi source feedback and its recommendations. 360 degree feedback is a very effective process of feedback followed by development wherein technology has to be properly understood before implementing. The organization should be prepared for the implementation of the process keeping in view two important factors: skilled facilitator and maintaining confidentiality. The feedback leads to the developmental activities which should be timely followed up. Well researched and well-constructed survey items should be kept in mind so that separate developmental feedback form should be used for personnel and compensation decisions.

Taylor and Bogdan, (1998) were designed to capture participants’ reactions to the findings of the 360-degree survey component of the program. Discussion of expectations and conversation created by the 360-degree feedback process also creates opportunities for sharing and clarifying the organization’s values. Individuals question why they have particular expectations and why they have attitudes in particular ways (Waldman, 1998).


Advantages of 360 degree appraisal

v  Offer a more comprehensive view towards the performance of employees.
v  Such colleague’s feedback will help strengthen self-development.
v  Improve credibility of performance appraisal.
v  Opinions gathered from lots of staff are sure to be more persuasive.
v  Not only manager should make assessments on its staff performance but other colleagues should do, too.
v  The mix of ideas can give a more accurate assessment.
v  People who undervalue themselves are often motivated by feedback from others.
v  If more staff takes part in the process of performance appraisal, the organizational culture of the company will become more
v  Increases responsibilities of employees to their customers.



Brings people together

360-degree feedback, is one of the most valuable features of Agile Performance Management. As the name suggests, it provides feedback from all angles; that is from peer groups, to managers, to subordinates. As this communication comes from a variety of different sources it will contain a multitude of differing opinions and perspectives, which is of vital importance when looking for feedback. In a sense, it can be seen as more valid and objective as it is from such a varied audience.

Identifies development opportunities

As the feedback a person receives is most likely diverse, this provides a unique opportunity to uncover areas that may need development or open up gaps in knowledge that could be valuable. Such feedback can then be incorporated into personal development plans. This is very useful information that the individual may not have thought of on their own.

Core competencies adhered to

When a company introduces a 360-degree feedback as part of its performance management system, they can do so in a manner that relates to the company’s core competencies. These competencies reflect the organization’s standard for behaviors and interactions. When reinforced on a regular basis, they can have an impact in shaping your company’s culture. Making them a part of the performance management system means that individuals can receive feedback about how they act on and exemplify the organization’s core competencies in their daily performance, encouraging everyone to live and breath these ideals in everything they do.

On above mentioned advantages, can be said that “The best performance appraisal method is 360 degree appraisal method”

References

Department of Business Administration, Utkal University, Vanivihar, Bhubaneswar, Odisha, India.



3 comments:

  1. Commenting on blog is an art.Good comment create relations.You are doing great work .Keep it up

    ReplyDelete
  2. Enhancing work quality, output and efficiency. Performance appraisals perform three important functions within companies. They provide feedback to a person on their overall contribution for a period.

    Performance appraisal process
    Agaram infotech

    ReplyDelete

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