The AI-powered employee Appraisal system based on a credit system is a software application that aims to provide an efficient and fair way of calculating employee incentives in an organization. The system will use artificial intelligence (AI) algorithms (classification) to analyze employee performance data and assign credits to each employee based on their performance.
The system will work by first defining a set of key performance indicators (KPIs) that are relevant to the organization's goals and objectives. These KPIs could include metrics such as sales revenue, customer satisfaction scores, or project completion rates. Each employee's performance data will then be measured against these KPIs, and the system will assign credits to each employee based on their performance.
The credits assigned to each employee will be used to determine their incentive payout, with higher-performing employees receiving a higher payout. The system will also have the capability to adjust the weight age of different KPIs based on the organization's priorities and objectives.
The classification algorithm used in the system will continuously learn and improve over time, as they are fed more data and feedback from the organization. This will ensure that the system remains relevant and accurate as the organization's goals and objectives evolve.