Some common issues of Performance Appraisal:
1. Performance appraisal process is often misused as a ranking tool where digit or score are awarded causing unfair practices and un-motivating employees.
2. The management team and employees find it overwhelming, time-consuming and do not see the benefit in implementing a performance appraisal system.
3. Too much time spent on the whole appraisal process including moderation and completing the procedural steps instead of naturing and buidling employee performance
Recent increase in employment pass holder salaries, recruiting new hires can be challenging. What's more, statistics show that it costs more than $25,000 to replace one employee who leaves your company.
Understand the true beauty of building, naturing and compensating your employee with HRiQ Talent Management Suite (Performance Appraisal Module) to retain and improve your talent pipeline holistically in 8 easy steps or Contact Us to get your pipeline in sync with your company goals.
Download the eBook for a holistic step by step guide of maintaining and building a talent pipeline in your company!