Some companies have decided to stop conducting performance appraisals, believing this process to be a waste...
Some companies have decided to stop conducting performance appraisals, believing this process to be a waste of time and energy with little, if any, long-term added value. Evaluate this decision.
Homework Answers
Performance appraisals act as a motivation booster for any employee. They motivate the employee to work more efficiently and effectively to obtain the rewards for their performance. The performance appraisal may include a salary increment and also a promotion depending upon the conditions and criteria than an employee fulfills. If the company stop doing performance appraisals, then there will be less benefit for an employee to put extra effort into his/her work. The productivity, effectiveness and efficiency of employees will sharply drop, a situation not favored by any company. So, the process of appraisals is not a waste of time and money, but rather a growth promoter for employees as well as for the companies.
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Some companies have decided to stop conducting performance
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product leadership, or...
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