Question
To ensure that employees are satisfied with their performance appraisals, supervisors should ascertain that employees ____________
Read the following passage and answer the next 4 question (Q11-Q14) From the beginning and through the career, you need to know how good you are in terms of particular fields of activity. It is difficult to give yourself an objective evaluation. Performance appraisal system is a useful management tool which helps to gain feedback, review and estimate whether the performance is effective and discuss what needs to be done for it to become so. Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development. Managers perform evaluations to benefit both employees and the employer. The most significant benefit of the appraisal system for the manager or the head of department is that it provides a document of employee performance over a specific period. It can help in decisions related to promotion, compensation, employees development and motivation. In order to be effective, however, managers should be careful that biases and judgment errors of various kinds do not spoil the performance appraisal process. Bias here refers to inaccurate distortion of a measurement.
More Financial Management Questions
- Which authority is responsible for framing guidelines and supervising the operations of Microfinance Institutions (MFIs) and NBFC-MFIs in India?
- If Economic order quantity (EOQ) is increased, what happens to total carrying cost and total ordering costs?
- Consider the following statement regarding the Reserve Bank of India's (RBI) actions and reports, on foreign currency liquidity management, 1. The RBI so...
- The “Yuva Sangam” registration portal launched at IGNCA New Delhi. The Yuva Sangam is an initiative to build close ties between the youth of North East Reg...
- When a banking entity detects an unusual, complex, or suspicious transaction and prepares an STR, what critical condition must be strictly maintained regar...
- Why is visualization important in data communication?
- What is the primary nature of GSTR-3B?
- Which of the following statements most accurately encapsulates the concept of Human Resource Development (HRD)?
- Which tool is known for its extensive range of visualization options and interactive dashboards?
- What role does a change agent typically play in the context of organizational change?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt