Db Essay Example | Topics and Well Written Essays - 500 words

Db - Essay Example The performance of an employee is essential to the profitability of a corporation. This is the reason why every company should develop an appraisal system that will recognize an employee’s contribution to the company. The first step in designing an appraisal system is to set the objectives of the system. The criteria and metrics for evaluating successful performance must be determined. The appraisers or reviewers and participants should also be chosen. The appraisal does not end in the measurement of the employees’ performance but there should also be a feedback mechanism so that a reward system can also be properly put in place. There are several techniques of appraising performance of employees. One technique is to use a numerical or scalar rating system. The managers are asked to score an individual against a number of objectives/attributes. Other companies do not only ask the managers to rate the employees but they also ask their co-workers and customers to rate the employee. Sometimes the employee is asked to rate himself too (Admin, 2010). Another common method of appraisal is the Management By Objectives (MBO) which is the process wherein managers and employees set objectives for the employee then periodically evaluate the performance of the employee and reward him according to the results.