Methods of Performance Evaluation
There are various methods of performance evaluation that we can adopt:
Self-evaluation allows employees to assess their work against criteria, aiding in formal performance evaluations and fostering awareness. Discrepancies in ratings provide valuable insights.
Management by objectives (MBO) is a management technique where managers and employees work together to set specific, measurable, achievable, relevant, and time-bound objectives that align with the overall goals of the organization. This performance appraisal system is a more cutting-edge form of performance review since it incorporates the employee in the goal-setting process.
The most common performance evaluation technique is a rating scale or grading system. The system is based on a set of employer-developed criteria against which workers are rated, which can include behaviors, attributes, competencies, or completed systems. This scales employees on a ten- or five-point scale in general.
A behavioral checklist is a list of actions an employee must exhibit to be considered a useful team member and receive a favorable evaluation.