Performance Appraisal Methods: Feedback Method That Uses Confidential Questionnaires and Weighs The Responses
Performance Appraisal Methods: Feedback Method That Uses Confidential Questionnaires and Weighs The Responses
The performance appraisal method you'll use can depend on the specific job, your
company's mission and your goals for the assessment.
You can use employee ranking and rating methods to group workers from
the top to bottom in terms of performance or competency.
While employees do receive their initial training and introduction to the company,
the training process doesn't stop there. Whether your company grows to offer new
goods and services or you uncover skills gaps during a performance assessment,
you'll find that you have to assign training activities periodically throughout an
employee's tenure. You have some different options for your employees' initial and
ongoing training that fall into a few categories.
Rewards can have a monetary value or not. Financial rewards include profit-
sharing, holiday bonuses and productivity-based pay increases. Examples of non-
financial rewards include allowing workers to work from home, holding team
lunches and company parties, offering flexible scheduling and giving workers more
control over decision-making.
For the most effective use of rewards, consider factors such as the employee's
current salary, relationship with the company and personal motivators in deciding
the type to offer. The software company Plum notes that non-financial rewards
can particularly be an ideal option for top-paid employees with several years
of service with the company.
While you could set up a private gym for employees if you have the resources, you
can foster employee wellness as easily as offering healthy meal options, giving
employees time to both rest and do brief exercises and arranging for community
service activities. You might also give employees some money off a local gym
membership or have a professional in your company who can offer mental health
support.