Key Idea
Performance appraisals are an important tool in managing performance. They help you gain insight into how your employees are performing in their jobs. They are also important for these reasons:
- They communicate challenging yet realistic goals to your direct reports, so these goals can be achieved.
- They can increase productivity by providing timely feedback to employees.
- They help the organization make valid decisions with respect to pay, development, and promotions.
- They provide protection against legal suits by employees who have been terminated, demoted, or denied a merit increase.
Performance appraisals should be more than just a pat on the back or a warning. They are powerful tools you can use to develop your direct reports.
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