Implementation of a Performance Appraisal System - Assignment Example

Implementation of a Performance Appraisal System Introduction Performance appraisal system can be defined as a process by which a consultant or a manager can examine and evaluate any employee’s work, his behavior and comparing with the company standard, document the result of comparison and provide related feedback to the employees as and when necessary. This system also determines the requirement of training, promotion, demotion, retention and fire of the employees. Here the company name is Can Go where a new performance appraisal system has to be implemented.

The company has so many restaurant branches in the market. As this is a food serving company so the labor intensive workforce can be shown over here. Simultaneously management of human resource and performance appraisal are very much important aspect in such case.Cost & Benefits of implementing a new and improved Performance Appraisal System The cost and benefit analysis of a new performance appraisal system is mentioned below:New performance appraisal system will improve the communication system within organization.

Sometimes problems are raised for lack of communication between employees and managers. If this appraisal system is used to find out the opportunities to serve the work in a better and improved way then it will be useful for both employees and the managers. It will provide a career path to the employees of the organization. It generally gives the opportunity to be promoted in the company and employees feel valued and pleased towards the organization. They become loyal at their work as they get the stable position in the company.

New performance appraisal system is also required for subjective evaluation. The rigid perception should be changed by the managers and try to judgment in a different way.The new system is required to improve the quality level. As this business is related to the food industry so this can be stated that if the quality of performance or job will be increased then the amount of revenue will also be increased.There is a requirement to provide transparent and open job feedback which will maximize the growth of work.

The system should be cost effective. It will save time of managers, reduce all the conflicts, keep consistency in performance and of course ensure the efficiency.From the employee’s point of view the system will also be cost effective because it will clarify the expectations, define clearly about the career path, job accountability, self assessment and job satisfaction.Organization will get improved performance, employee’s loyalty and their retention, way to overcome the barriers, improved productivity and cost advantages (Shaun, 2009).

Performance Metrics and Model360 degree feedback, peer assessment, self assessment, negotiated performance appraisal can be used for forming the new metrics of performance appraisal system. Team system model can be implemented in such case. In the restaurant business team performance is very much important to meet the primary objectives and special criteria. Proper inputs from team will improve the growth of the business.Conclusion At the part of conclusion this can be stated that new performance appraisal system will control the mission, purpose, people, system, growth and quality performance of an organization which is very much essential for future growth.

ReferenceSahu, R. (2009). Performance Management System. New Delhi: Excel Books India.