The Purpose of Employee EvaluationsThe employee performance evaluation is also called as performance appraisal, employee appraisal or performance review. Irrespective of its name, the purpose remains the same, which is to efficiently evaluate the employee’s performance.
This evaluation is mainly done with respect to work quality, cost consciousness, quantity produced, attendance and other important factors. Usually these kinds of employee performance evaluations are performed by the employee’s supervisor or immediate manager.
Important Performance Metrics & Setting Goals
Today, the majority of businesses use employee performance evaluations as a perfect way of measuring success, examining challenges and as a motivational tools.
It provides an opportunity to monitor progress, and performance objectives, on top of allowing an employer to establish achievable and clear goals and expectations.
Often, companies look employee performance evaluations as a perfect tool for determining if an employee is complying with job requirements and competencies.
Assessing An Employee's Organizational Value
These evaluations are actually a very important tool for employers as the major objective is to determine the employee’s worth to an organization or business. This is a tool that evaluates the earnings and costs attributed to an employee’s performance.
Evaluations should be used as a way to identify weaknesses and also find ways to improve performance. Employee performance evaluations
prove to be quite a valuable tool for organizations. Learn more about how you can customize 360 evaluations
for your business.