Objectives of Performance Appraisal

Here’s a brief explanation of each aim:

1. Clarification of performance standards: Performance reviews provide an opportunity to clarify expectations and standards of performance, ensuring that employees know what is expected of them and can work towards meeting those standards.
2. Allocation of rewards: Performance reviews may be used to allocate rewards such as salary increases, bonuses, and promotions based on the employee’s performance.
3. Identification of learning and development needs: Performance reviews can help identify areas where employees require further training or development to improve their skills and capabilities.
4. Career management: Performance reviews can be used to discuss career aspirations and opportunities for career growth and development, as well as to identify any barriers to career progression.
5. Counselling/discipline: In cases where an employee’s performance is below standard, performance reviews may be used to provide feedback and guidance, and to discuss any necessary corrective action.
6. Setting goals and targets: Performance reviews can be used to set specific, measurable, achievable, relevant, and time-bound (SMART) goals and targets, ensuring that employees have clear objectives to work towards.

Overall, performance reviews can be a valuable tool for enhancing employee performance, providing feedback and guidance, and identifying opportunities for growth and development. By providing regular feedback and guidance, employees can feel supported and motivated to perform their best and contribute to the success of the organization.