Performance Appraisal Policy and Procedures Manual
The performance appraisal policy ensures that the weight to performance should be appropriately given and need to perform should be developed among the employees. The performance review policy is a way to convey to the employees that the company appreciates their hard work and dedication towards work. Performance management policy is also considered as a motivational tool used by the company to make sure that employees use their full potential to perform. The performance management policy example illustrates the process and components of employee performance review policy. It includes the performance management policy template which consists of all the rules and regulations that should be followed by the employees while participating in the performance review. The policy provides that review of the performance is a fundamental right of employees and managers should be fairly executing the performance review process.
Need of Performance Appraisal policy
The performance appraisal policy is a major part of performance management system and promotes talent management in the organization. The successor planning is another outcome of performance management policy.
Overall it is rightly defined that performance appraisal policy is the way to ensure the performance-oriented work environment in the organization, it helps employees to achieve the set objects and act as a reward for their contribution in the progress of the organization.
Disclaimer: The performance appraisal policy mentioned in this article is created to provide a brief idea about the real-time performance appraisal process carried out in the organization. The policy is designed for enhancement of understanding and to clear the concepts regarding performance appraisal system. The site hrhelpboard.com is not responsible for the resemblance or accuracy of the policy. It is important to professionally verify the suitability of policy before using the content given in the sample policy.