Question
One of the best sources of information on training needs of employees in an organisation is their Performance Appraisal. In fact, many organisations have made Training Needs Evaluation an essential part of the Performance Appraisal process. Why is this so?
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
- A 'Deferred Tax Asset' is created when:
- Geetika is a supervisor at a call centre. She monitors her employees' calls and keeps a record for each employee of times when they provided exceptional cu...
- What leadership quality involves the ability to understand and manage one's emotions and those of the team, fostering positive relationships?
- Choose the correct statement
- What is the main objective of Prompt Corrective Action (PCA) framework by RBI?
- Herzberg’s hygiene factors lead to which of the following?
- Which term best describes the measure provided by Accounting Ratios to assess a company's performance and condition?
- According to the Union Budget 2023-24, consider the following statements. 1. Monthly merchandise exports declined from US$ 39.7 billion in April 2022 to U...
- How does lateral communication in an organization occur?
- According to Union Budget 2023-24, consider the following statements regarding Income Tax: 1. Average processing period reduced from 93 days in financial ...
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