Performance Appraisal |How Performance Appraisal can Contribute to an organisation's Competitive Advantage
Performance Appraisal |How Performance Appraisal can Contribute to an organisation's Competitive Advantage
“Performance appraisal offers competitive
advantage to an organization by enhancing performance, aiding in correct
decisions, safeguarding legal compliance, diminishing job dissatisfaction and
employee attrition and ensuring consistency between organizational strategy and
behaviour.”
The emphasis should be that performance evaluation
contributes to the firm’s competitive strength. In addition, promising high level
of performance helps identify Employees with potential, reward performance
equitably and determined employee’s need for training. Precisely, performance evaluation
helps an organization gain a competitive edge in the following ways.
1. Improving
performance
2. Making
correct decisions
3. Ensuring
legal compliance
4. Minimizing
job dissatisfaction and turnover
5. Values
& Behavior
6. Strategy
& Behavior
Thus, performance appraisal management system
has strategic significance to a firm in 3 ways – feedback mechanism, Stability
between organizational strategy and job behaviour and Stability between organizational
values and job behaviour.
Comments
Post a Comment
Please do not add any spam link in the comment box