In recent years most companies which face increasingly intensive, global comlpetition cannot guarantee their survival. It is not surprising that many organizations recognize the importance of performance appraisal, for organization's survival and deve...
In recent years most companies which face increasingly intensive, global comlpetition cannot guarantee their survival. It is not surprising that many organizations recognize the importance of performance appraisal, for organization's survival and development depends on the maintenance or improvement of performance.
How to design and operate performance appraising systems is crucial to the their effectiveness. The design consists of setting objectives of appraising systems, selecting appraising methods, defining good performance, determing process of appraising, linking of performance and compensation. But even if it may be designed carefully, it becomes useless without employee's acceptance of its purposes. Therefore the needs and participation of employees must be reflected in operating systems. Accounting informations may be useful in appraising performance. Budgets can be quantitative standards for appraising performance.