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Outline the benefits of performance appraisal for employees in a business - Leaving Cert Business - Question 6B - 2008

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Question 6B

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Outline the benefits of performance appraisal for employees in a business. (15 marks)

Worked Solution & Example Answer:Outline the benefits of performance appraisal for employees in a business - Leaving Cert Business - Question 6B - 2008

Step 1

Rewards/Monetary and Non Monetary

96%

114 rated

Answer

Performance appraisals can play a crucial role in determining pay increases for employees as well as other rewards such as share options and benefits in kind. This motivates employees to perform better.

Step 2

Motivation/Job Satisfaction

99%

104 rated

Answer

Performance appraisals are integral for staff motivation. They provide an opportunity to communicate and foster a positive relationship between management and staff. This helps ensure employees understand performance standards and feel fulfilled in their roles.

Step 3

Industrial Relations

96%

101 rated

Answer

Potential conflicts in the workplace can be identified through performance appraisals. This process enables the organization to address and resolve issues between management and employees, thus improving workplace relations.

Step 4

Training and Development

98%

120 rated

Answer

The performance appraisal interviews can identify training and career development needs for employees. This allows organizations to provide appropriate training, enhancing the capabilities of employees.

Step 5

Feedback

97%

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Answer

Performance appraisals provide employees with an opportunity to receive feedback on their work. This feedback can highlight areas for improvement, which can increase job satisfaction and motivation.

Step 6

Evaluate the Performance of Management and Employees

97%

121 rated

Answer

Through performance appraisals, organizations can evaluate both management and employee performances. The goals set in the previous year and the achievements made can be reviewed to address any potential areas for improvement.

Step 7

Promotional Path/Recognition

96%

114 rated

Answer

Performance appraisals help in identifying employees' strengths and weaknesses. This information can be valuable for recognizing high performers and promoting them, thus motivating others to achieve similar recognition.

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