How performance appraisal can contribute to firm’s com petitive advantage? Photo: www.managementguru.net ü Improving Performance ü Making Correct Decisions (pay, promotion etc) ü Ensuring Legal Compliance ü Minimising Job Dissatisfaction and Turnover ü Consistency between Organizational Strategy and Behaviour ü Organizational Strategy and Performance Appraisal (feedback mechanism, consistency between organizational strategy and job behaviour, and consistency between organizational values and job behaviour) Design Appraisal Program ü Designing an appraisal program poses several questions which need answers. They are – ü Formal vs informal appraisal ü Whose performance should be rated? ü Who are the raters? (Immediate supervisors, Subordinates, Peers, Clients – if by all – the appraisal system is called 360-degree appraisal system, Rating committees, Self-appraisal – the combination of above can be used) ü W
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