Performance Assessment with Digital HRMS: Understanding the Types of Performance Evaluation
Performance reviews or performance assessments are essential for the growth of employees in the organisation. The objective of a performance evaluation process is to reward the employee for the good work and achievements and at the same time, make them see how they can improve on their performance. There are many different approaches or methods of evaluating the performance of the employees in the organisation and enterprises today use one or more of these methods. Every method has its own share of benefits and drawbacks and is ideal for different scenarios, but enterprises today need a performance management system to execute all the different approaches effectively.
The new age performance management system is a platform that allows organisations to evaluate employee performance based on one or more of these methods. Digital HRMS is one such automated performance management system that can be configured as per the approach followed by the organisation. Here we shall look at the 5 key methods used today for measuring the efficiency and performance of employees using the new age performance assessment tool..
1] Self-Assessment
Self-assessment is, by far, one of the most common approaches of employee performance evaluation used by organisations today. What's more, self-assessment comes with its own share of benefits. The process is all about the employee filling a questionnaire based on different performance parameters, as they rate their own performance on a scale. This is a feature that is available with some of the new age performance management systems. Once they are done, the manager talks with them on different ways in which they can improve their performance. Self-assessment is believed to be highly effective because it allows the employees to reflect on their own strengths and weaknesses and work upon them, making it a must-have for a good performance assessment tool.
2] Goal Based Evaluation
This is a simple approach that considers the goals defined for that particular year and the results that have been successfully achieved. It is a quantitative approach and its objective is to figure out if the employee has been able to live up to the expectations of the organisation in terms of the goals and targets. Digital HRMS is an advanced HR software that supports goal-based evaluation through its performance management system. This method is really effective for teams that work on target basis.
3] 360 Degree Evaluation
What makes the 360 degree evaluation stand out from the other evaluation methods on this list, is the fact that it is all about considering the feedback from everyone who works with the employee, including team members, members of other teams, as well as clients and suppliers. The outcome is the result of comparison between the feedback shared by the different stakeholders. This one is considered as one of the most complete methods of evaluation of performance and is available with the advanced HR software that we have today.
4] Graphic Rating Scale
This is the simplest way to evaluate the performance of the employees, as well as the most basic approach on this list. The graphic rating scale involves creating two columns, with the left column containing the list of parameters and the right column is used for rating the employee on the basis of each parameter on the scale of 1 to 5 (or any other suitable scale). Nowadays, this method is not used on its own but along with other evaluation processes and the new age performance management systems ensure you don’t have to carry this out manually.
5] Team Assessment
Most organisations focus on the performance evaluation for individual employees, however, some also chose to evaluate the team as a whole. This is because team effort is instrumental in the success of an organisation and so the performance of the team plays a key role. Team assessments mostly focus on aspects like coordination, collaboration, communication, etc. which are the factors affecting teamwork. The performance management system of the Digital HRMS HR Software platform facilitates easy team assessment.
So, that was about the five key methods of evaluating employee performance in an organisation. Which one do you think is the most effective? Share your thoughts with us in the comment section below.
Want to discover more about how the Digital HRMS performance management tool can help you manage employee performance? Now, get Full access to Digital HRMS Free for 90 Days. Available for Limited Period only.
Visit our website www.digitalhrms.com or drop us an email on marketing@digitalhrms.com and our team will get in touch with you.
The new age performance management system is a platform that allows organisations to evaluate employee performance based on one or more of these methods. Digital HRMS is one such automated performance management system that can be configured as per the approach followed by the organisation. Here we shall look at the 5 key methods used today for measuring the efficiency and performance of employees using the new age performance assessment tool..
1] Self-Assessment
Self-assessment is, by far, one of the most common approaches of employee performance evaluation used by organisations today. What's more, self-assessment comes with its own share of benefits. The process is all about the employee filling a questionnaire based on different performance parameters, as they rate their own performance on a scale. This is a feature that is available with some of the new age performance management systems. Once they are done, the manager talks with them on different ways in which they can improve their performance. Self-assessment is believed to be highly effective because it allows the employees to reflect on their own strengths and weaknesses and work upon them, making it a must-have for a good performance assessment tool.
2] Goal Based Evaluation
This is a simple approach that considers the goals defined for that particular year and the results that have been successfully achieved. It is a quantitative approach and its objective is to figure out if the employee has been able to live up to the expectations of the organisation in terms of the goals and targets. Digital HRMS is an advanced HR software that supports goal-based evaluation through its performance management system. This method is really effective for teams that work on target basis.
3] 360 Degree Evaluation
What makes the 360 degree evaluation stand out from the other evaluation methods on this list, is the fact that it is all about considering the feedback from everyone who works with the employee, including team members, members of other teams, as well as clients and suppliers. The outcome is the result of comparison between the feedback shared by the different stakeholders. This one is considered as one of the most complete methods of evaluation of performance and is available with the advanced HR software that we have today.
4] Graphic Rating Scale
This is the simplest way to evaluate the performance of the employees, as well as the most basic approach on this list. The graphic rating scale involves creating two columns, with the left column containing the list of parameters and the right column is used for rating the employee on the basis of each parameter on the scale of 1 to 5 (or any other suitable scale). Nowadays, this method is not used on its own but along with other evaluation processes and the new age performance management systems ensure you don’t have to carry this out manually.
5] Team Assessment
Most organisations focus on the performance evaluation for individual employees, however, some also chose to evaluate the team as a whole. This is because team effort is instrumental in the success of an organisation and so the performance of the team plays a key role. Team assessments mostly focus on aspects like coordination, collaboration, communication, etc. which are the factors affecting teamwork. The performance management system of the Digital HRMS HR Software platform facilitates easy team assessment.
So, that was about the five key methods of evaluating employee performance in an organisation. Which one do you think is the most effective? Share your thoughts with us in the comment section below.
Want to discover more about how the Digital HRMS performance management tool can help you manage employee performance? Now, get Full access to Digital HRMS Free for 90 Days. Available for Limited Period only.
Visit our website www.digitalhrms.com or drop us an email on marketing@digitalhrms.com and our team will get in touch with you.
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- Hiresmart April 19, 2022, 9:57 amVery nice blog. It will help organization to assess their employer's performance. Performance assessments are essential for the growth of employees in the organization to improve their growth.reply
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