For IQ Dynamics By Lim Say Ping
The successful implementation of a performance appraisal process and system can be a game-changer for any company. It has the potential to drive superior company performance through the maximizing of team and individual performances and their potential. Additionally, it can help attract, retain, and develop talented individuals within the organization. However, amid the promise of these benefits, several challenges or issues often arise during the implementation of a performance management system.
However, there are several issues or disadvantages during the process of implementing of performance appraisal system that are frequently highlighted, here are some of the common ones:
As such, is there anything that can be done about these issues? Observing, some of the more well-known multinational companies who have made some major changes with the processes, yes. In general, the traditional annual reviews and performance ranking tool was modified to be more people-centric and focused more on the coaching and development aspect of the appraisal process. Their modified version of implementing of performance appraisal system continues to function as should a general performance appraisal management process and system but with added flexibility and effectiveness.
Watch out for our upcoming e-book on how to properly implement the performance appraisal system that will greatly assist with your appraisal process and provide you with solutions to handle the issues mentioned above.