The Value of Employee Appraisals

November 6, 2015

iFacts_Newsletter_NOV_2015_employee appraisals

 

Based on the Employee Satisfaction Surveys iFacts has conducted with various organisations over the years, it has become clear that one of the biggest bugbears for employees is a lack of feedback on their performance from their supervisors

 

Employee Performance Appraisals are an important tool to keep employees motivated, informed, and ultimately make a valuable contribution to the company.

It is impossible for any employee to improve their performance at work if they are not being made aware of their strengths and weaknesses. This is where employee appraisals can benefit both you and your staff. When managed proactively, these tools can help boost communication between supervisors and staff by encouraging an open system of feedback and dialogue.

Workplace appraisals provide employees with an understanding what is expected of them. By setting agreed objectives and then reviewing the results at a later date. The employee is made responsible for his or her own actions.

Here are some of the key benefits of an appraisal system:

Benefit #1. Appraisals not only review strengths and weaknesses, but take an overall assessment of work content and volume and look back on what has already been achieved in order to set goals and objectives for the next period.

Benefit #2. Job functions, roles, expectations and goals can be defined and reviewed on a regular basis so that employees are aware of what is expected of them and how they are ‘measuring up’.

Benefit #3. Appraisals allow you to review potential, and identify training and career planning to progress the career of your employees. These tools also help you to determine financial reward incentives for each worker’s performance.

Benefit #4. Workplace appraisals are a ‘two-way’ conversation so they afford employees the opportunity to tell you (as the employer) how they think they are doing and to suggest ways in which the company can help them to fulfil their potential even more.

Benefit #5. Some employees may talk to their supervisors about their performance on a regular basis and may not see the need for a formal appraisal system. However, a formal system will introduce a degree of consistency, ensuring that employees and supervisors meet regularly to discuss and track progress and potential.

Benefit #6. Workplace appraisals can also provide human resources with useful information for succession planning purposes, in other words, to identify suitable candidates for promotion.  HR can also give employees insight into what skills and training they require to land their next promotion.

Appraisals are a useful company tool that should not only be used for employees, but for managers and supervisors as well. Introducing a regular and ongoing workplace performance appraisal system will motivate your employees to achieve and benefit your organisation in the long run.

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