Of the three types of relative performance appraisal system, which systen would you prefer to use or apply in rating or praising an employee and why? Give a hypothetical example to defend your answer.
(Pharmacy Based)
3 performance appraisal system are:
Self-Appraisal
Somewhat self-explanatory, the self-appraisal is used in the performance appraisal process to encourage staff members to take responsibility for their own performance by assessing their own achievements or failures and promoting self-management of development goals. It also prepares employees to discuss these points with their manager. It may be used in conjunction with or as a part of other appraisal processes, but does not substitute for an assessment of the employee's performance by a manager.
Employee-Initiated Reviews
In an employee-initiated review system, employees are informed that they can ask for a review from their manager. This type of on-demand appraisal is not meant to replace a conventional review process. Rather, it can be used to promote an attitude of self-management among workers. Adherents to this type of review process contend that it promotes regular communication between staff and managers. Detractors, though, note that it is dependent on the employees' initiative, making it a less than ideal alternative for some workers with quiet, retiring personalities or confidence issues.
360-Degree Feedback
360-degree feedback in the performance appraisal process refers to feedback on an employee's performance being provided by the manager, different people or departments an employee interacts with (peer evaluation), external customers, and the employee himself. This type of feedback includes employee-generated feedback on management performance (also known as upward appraisals).
I will go with 360 feedback: suppose that a company grows in size, a small business owner should consider using 360-degree feedback to appraise employees. Communication in a business of ten people varies wildly from that of a company of 100 persons and 360-degree feedback ensures that an employee's performance is observed by those who work most closely with him. Small business owners or managers can either include the feedback in the performance review or choose to provide it informally for development purposes. For any employee their peers are very important as they spend their whole day with them. They exactly know how the individual employee would face everyday challenge.. It will be not biased as it would e review of all the people the employee is working with and not based on one person reviewing about him.
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