7 Key Parameters of An Employee Evaluation Process
The best Employee Evaluation process has both components of communication and evaluation process and procedure in place. The purpose of an Employee Evaluation is to measure an employee’s job performance. Traditionally, most companies continue with the existing evaluation process without well-defined standards and metrics in their arsenal of an evaluation system. The task of Employee Evaluation is increasingly becoming difficult due to several key pit holes in their evaluation systems that can be easily overcome with the following key parameters.
The goal of a good Employee Evaluation process has the components of employee performance improvisation and organizational development. Placing measurable goals give clear insights into the employees and their managers know where they stand and how these defined goals help to be gauged on their performance on each assigned task.
Performance Rating and Measurement
Employee skill sets that match appropriately with their job content easily enable an organization gets the accurate metrics on an employee performance, which will eventually determine the worthiness of the role that has been assigned to the employee. The importance of employee evaluation is to assess employees skills and capabilities that align with the workforce planning in order to achieve desired goals and objectives of a company. So a progressive employee evaluation sheds light on all the organizational development programs and is instrumental in the overall growth of a company as well as the employees.
Regular Performance Feedback
Employee performance evaluation systems take many forms from company to company, but having the system of providing regular performance feedback on each task or project performance is crucial in order to have a better employee performance management process. Employee evaluation forms a standard performance benchmark for achieving individual job responsibilities. As key performance indicators (KPI’s) form the base, organizations must have an automated mechanism to continuously assess their employee’s strengths and weaknesses. When this mechanism is continuously adopted, both employees and employers are in a better position to execute their assigned tasks and objectives in the defined timelines.
Self Evaluation System
Self-evaluation mechanism needs to be in place in every forward-thinking organization which triggers key metrics like progress and achievements, successful deliverables and set objectives etc … by their immediate supervisor or top level management. So for every employee, self-evaluation acts as a career promotion tool that enables them to move forward in terms of areas of improvement, meeting timelines and planning defined activities. This self-evaluation procedure boosts an employee to prepare for upcoming appraisal meeting lined up with their supervisor who approves their appraisal.
Rewards and Recognition
Many times employee evaluations are defined as performance evaluations which are usually conducted quarterly, half yearly or annually. Though companies recognize their achievement with monetary benefits, and they are also gifted with employee compensation and with deserved non-discriminated promotions. A structured employee evaluation will give an opportunity to top-level management like managers to assess and recognize employee’s key achievements, rate the accuracy of those achievements, providing insights into their key accomplishments, determination and commitment to achieve their set objectives.
Training And Development
A progressive employee training and development, act as a tool for organizations to gauge the strengths and weakness of employees, their strength and weaknesses in the areas of work, their key skills to execute different tasks, their attitude and current performance. Based on assessing these parameters companies have a clear picture of what areas additional training can be imparted for better executing their jobs. The key to success is continuous training and development.
Documentation of Employee Progress
Documentation of employee progress enables the supervisor to have timely reports in place for quick review of key accomplishments, assigning right resource for the right task, enable studying the behavior of employee, promote at the appropriate time, take any disciplinary action on breach of the terms and conditions and overcome compliance, legal liabilities and termination of employee.
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