performance appraisal

1. Performance
Appraisal

2. Performance Appraisal
Performance Appraisal the process
by which organizations evaluates
individual job performance.
Appraisal & Feedback

3. Uses of performance Appraisal
• Performance Improvement
• Compensation Adjustment
• Placement Decisions
• Training & Development Needs
• Career Planning & Development
• Staffing Process deficiencies
• Information Inaccuracies
• Job-design Error
• Equal Employment Opportunities
• External Challenges
• Feedback to Human Resources

4. Performance Appraisal System
Practicality
Standardisation

5. After studying Chapter 2,
you should be able to:
1. Describe how Financial System works.
2. Define Financial Securities.
3. Explain Function of Financial Intermediaries.
4. Identify different financial market places .
5. Describe the Securities traded in the money
and capital markets.
6. Identify the determinants of nominal interest.
7. Construct and Analyse yield curve

6. Performance Standards
Direct
Indirect
Subjective measures
Objective measure

7. The Financial System
Economic units
(Individuals or entities who generate and spend
money)
a) Surplus Economic Units (SEUs)
Generate more income then they spending
a) Deficit Economic Units (DEU)
Generate less income then they spending

8. Performance Appraisal Challenges
Legal Constraints
Rater Biases
 The halo Effects
 The Error of Central Tendency
 Leniency & Strictness Bias
 Cross-Cultural Biases
 Personal Prejudice
Reducing rater bias

9. Past-Oriented Appraisal Methods
Rating Scales
Checklists
Forced Choice Method
Critical Incident Method
Accomplishment Records

10. Appraisal Methods
Behaviorally Anchored rating Scales
Field Review Method
Performance Tests & Observation
Comparative Evaluation Approaches
Ranking methods
Points allocation methods
Paired comparison

11. Future-Oriented Appraisal
•Self-appraisals
•Management by Appraisals
•Psychological Appraisals
•Assessment centers