Discover key employee evaluation methods that will encourage the workers to improve your business
Employee evaluation for their performance is a crucial factor to inspire and encourage your employees and keep them motivated. It is the best channel to understand how your employees work and what feedback you give them. Employee evaluation provides a foundation for determining increments and succession plans for both the management and the workers. A comprehensive employee performance evaluation includes different evaluation methods to assist in judging the employee's performance. Multiple methods and techniques work best in helping you get a broader perspective in the areas where your workers require improvement. For new companies carrying out the employee evaluations for the first time, you may be limited to a few ideas that you have. This list here will help you get new ideas.
Key employee evaluation methods
- Peer Review - This method consists of taking anonymous feedback from colleagues and peers on specific issues of an employee's performance. It's a unique opportunity to study the employee's skills and abilities and help identify with the individual's leadership and collaboration skills in the organization. Peer review provides a unique chance to identify each employee's strengths and weaknesses and use the valuable data to make decisions in regards to building teams, job rotations, and succession planning.
- Self-evaluation - It is a vital activity to help make appraisal process more efficient. This method offers each employee a chance to play an active role in evaluating themselves. Rather than simply receiving feedback from someone else or the management, the employees are given a voice.With active participation, employees can experience a better engagement with the overall review process and the managers can understand their staff much better.
- Quantitative evaluation - This method is based upon the statistics and uses of various standards in the organization to track productivity. It starts with the introduction of the company's standards against which the employee's data is measured. Some of the quantitative standards measured that the employee can be compared to time standards, productivity, core standards, market share standards, etc. This data is important and can be used to evaluate a company's goals and provide a platform for awarding promotion or raises.
- 360-degree feedback - This method provides a chance for all the employees to submit their views as well as contribute towards the business plan. In this case, an employee is rated by his/her peers, subordinates, clients and superiors. 360 degree means the employee is evaluated from all the sides.
- Graphic scale - This being the most commonly used employee performance evaluation technique, requires that the individual's performance in various areas of the job duties is graded on a scale. Productivity, customer service, quality of work, concern for safety, etc. are some of them many areas that are graded.