Trends related to Performance appraisal
What are the trends related to Performance appraisal?
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Following are the occurrence of trends related to Performance appraisal performs can be realised in the global scenario are:-
1) 360 Degree Feedback: It is also known as ‘multi-rater feedback’, where the feedback about the employees’ performance comes from all the sources that come in contact with the employee on his job.
2) Team Performance Appraisal: In this method each employee performance is measured as a team member as well as individually.
3) Rank and Yank Strategy: It is also known as up-out strategy where the performance appraisal model is prepared in which best-to-worst ranking methods are used to recognise. Then certain plans are chalked out for improvement. Some of the organizations following this policy are Sun Microsystems, Ford and Microsoft.
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