Performance Appraisals Drive Organization towards Profitability

Performance Appraisals

Introduction

Nobody knows, when and how businesses adopt new standards. In this cut- throat world of competition, it is required that you utilize your available resources in best form for attaining customer satisfaction. The main challenge lies with analyzing the productivity of your company. Generally, most of the productivity is achieved through human capital. Now, it is your time to understand and find out those employees, who add value to your business with their hard work. Performance appraisals can help you identify true talents of your firm and these methods can guide you to take decisions for future business growth.

Performance Appraisal – Definition

Performance appraisal is a systematic evaluation of performance of your staffs and understanding the abilities of an employee for further development and growth.

It is generally done in sequential ways, which are as follows

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