Performance ratings are incredibly subjective, but quantifying an employee’s performance is very crucial for any company. Else it would be difficult for a manager to keep track of the productivity of their employee. Appraisals are dispensed based on these ratings, which in turn depends on multiple metrics. The rating is generally done on a scale of 1 to 5 or 1 to 10 and assess the frequency of a job deliverable or other behavioral elements of an employee.
360- degree Feedback System
As the name suggests, points are given based on the feedback of co-workers, supervisors, and other peers the employee is working with. It proffers an overall image of the employee in his/her workspace. It determines the attitude of the team member and uncovers the areas of improvement with regards to his/her interpersonal skills.
Management by Results
This is generally a one-on-one discussion between an employee and their manager, where they jointly determine the individual’s objectives. Rating is done based on how effectively the employee has managed to accomplish the task within the stipulated time. It helps employees to have a clear understanding of what’s is expected from them and allows them to participate in the process, which helps in better communication and increases motivation.
Consistent Improvement
“Perfection is a goal that will forever remain impossible for any human being to achieve. Therefore, the only achievable goal is to only strive to become the best that you can be.”
― Edmond Mbiaka
Taking this thought into account, employees are and should be rated on their consistent improvements. It can be achieved by keeping a check on their productivity and conferring with the employees on a monthly or quarterly basis. Softwares like xTimesheet are very convenient in such situations. xTimesheet provides employees with more control over how they put their time in and instills trust toward the organization, increasing productivity. It monitors their rate of completion and evaluates the quality of their work to ensure they are working on things that are in line with the completion of their task and at the same time with the growth of the company.
The desire and effort to become better should be the most rewarding quality for any company.
Self-evaluation
Talking about productivity, asking an employee to evaluate themselves in terms of performance can be very effective. It empowers them to be critical of their performance. It gives them a better understanding by comparing their self-evaluation to that of their managers and helps them to identify the similarities and discrepancies if any.
Although appraisals and promotions do depend on these metrics, it is the comprehensive evaluation done over time that determines the productivity and performance of an employee.