Performance Appraisal Assignment Instructions: Analyze the following articles: 3 Ways Performance Reviews Are Getting Revamped -- For the Better, by Stephanie Taylor Christiansen, September 25, 2015, Forbes Magazine In-Text citation (Christiansen, 2015) Reference: Christiansen, S.T. (2015). 3 Ways Performance Reviews Are Getting Revamped - For the Better.
Answer the six (6) questions below separately (include the question with each response). The paper needs in-depth research and analysis to show understanding and knowledge of the points raised by the articles regarding the Performance Appraisal process. Note: the Christiansen (2015) and Performance Management and Appraisals (n.d.) articles, along with two to three outside academic sources, are required as references for the following questions:
1. Why was the performance appraisal process established? What was its purpose?
2. What are the problems with the ANNUAL PERFORMANCE REVIEW and how can they be fixed?
3. Describe in detail three (3) of the methods used for Performance Appraisals, such as, but not limited to, 360 Review Feedback, Management by Objectives (MBO), and Graphic Rating Scale.
4. Link the Performance Review to Compensation. What is the connection between the Performance Appraisal and Compensation?
5. Find at least three companies from the Christiansen (2015) article and another source who use Compensation PERKS that drive performance. More extensive research may be needed. Use academic search skills. A minimum of three companies and the compensation perks they provide their employees.
6. Based on research in Question two (2), how often should the Performance Appraisal be presented to the employee; annually, bi-annually, monthly or more often and why?
7. Based on research in Question three (3), what is the best type of Performance Appraisal Method and why? Personal analysis and observations.