The Effectiveness of Performance Appraisal - Dissertation Example

Download file to see previous pages Performance appraisal refers to assess and analyze a worker’s performance and results at the work place. It refers to a system of retaining employees, by providing them the guidance, fair treatment and a sense of motivation towards work. These are built-in outcomes of a formally set performance appraisal system. Organizations need performance appraisal system due to multiple numbers of reasons. Out of all one major reason is employee performance and other is employee retention through employee rights. This chapter will signify the importance of performance appraisal system in the organization, by uncovering the effectiveness of the system and the positive outcomes it brings for the organization, managers and staff. To truly grasp the concept of performance appraisal and its effectiveness, a critical evaluation of the literature will be made. Research Aims and Objectives To determine the role of human resource management in achieving organizational goals. To determine how human resource management benefits employees to achieve organizational goals in Chinese business market. To analyze and assess the impact of performance appraisal on organizational performance. The aim is to focus on performance appraisal as one effective method of HRM to bring organizational performance. To understand the relationship between effective performance appraisal and organizational performance. To determine the relationship between effective performance appraisal and employee performance. The aim is to test and measure the effectiveness of performance appraisal of a selected food company in Hohhot China. Literature Review The Markets of Buying and Selling Labor When markets start flourishing with the capitalist regime, they have to bear challenges in the labor section. Markets which undertake industrialists’ basing and hold a major share of foreign direct investment, there is a chance that labor gets sidelined in such markets. India being an emerging industrialist economy upholds this situation where there is an excess of labor conflicts and strikes all over. Similarly, China where there is a trend of buying and selling labor in replacement of commodities, monetary and nonmonetary benefits precisely holds the same trend of labors’ strike and protesting. According to Chan (2010), in the last decade capitalism has been encircling around the communist state of China. A major investment has been brought into the Chinese private sector business which has invited the Stake holder’s interest and influence into the business function. Due to more power in hands of stake holders, the rights of labor are being avoided and ignored, which have created the revolt situation in most of the private sector firms. The protestation of labor is a situation where manpower has lost its focus, its direction and its willingness to work and perform respectively. The political segment of the country is dealing with this challenge as it is more on the nationalist trail and wants to resolve the labor conflicts. This is because the country’s bureaucracy realizes the importance of labor power (manpower) - a source which it feels to be the primary base of industrialization and urbanization in the country (The Economist, 2010). From organizational point of view, employee constraining affects employee’s performance. Likewise, when employees are constrained by any means i.e by the market trend where labor is intensively sold and bought, they simply keep their directions straight- continuing to the job ...Download file to see next pagesRead More