WHY ORGANISATIONS SHOULD DO PERFORMANCE EVALUATION OF EMPLOYEES?

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FASTCOLLAB

• WHY ORGANISATIONS SHOULD DO PERFORMANCE
  EVALUATION OF EMPLOYEES?

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• Performance evaluation helps
  managers and supervisors to identify gaps, give
  remedial training, recruit new employee and
  compensate current employees appropriately.
• Benefits of Performance Evaluation for employees
• A clear and precise communication to employees
  on what is expected on the job
• Helps employees make better decisions and work
  effectively
• Benefits of Performance Evaluation for employers
  
• Training and development programs run by
  organisations are cost effective, productive and
  goal oriented
• Helps employers to increase competency level of
  their employees, even greater than the
  competitors
• Transparent and accurate record of each
  employees contribution and self-development in
  the organisation

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• Challenges Defining the parameters of
  performance evaluation requires time, effort and
  constant coordination with multiple sources
  connected with that employee.
• Alignment Organisations can successfully align
  competencies in the performance evaluation with
  the companys strategic goals and objectives.
• Implementation Implementing an effective
  performance evaluation structure in an
  organisation, starts with analyzing the business
  environment and noting the job roles required to
  achieve strategic goals.

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