Performance appraisal may be the single largest contributor to organizational effectiveness.

Question

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PM may be the single largest contributor to organizational effectiveness in recent years.An effective PM system should be the responsibility of everyone in the organization starting with the CEO and moving throughout the entire organization because companies that disregard PM do not prosper.Performance appraisal is a formal system of review and evaluation of individual or team task performance.A critical point in the definition is the word formal because,in actuality,managers should be reviewing an individual's performance on a continuing basis.Performance appraisal is an important activity,but it is focused on specific employee performance events.Whereas performance appraisal occurs at a specific time,PM is a dynamic,continuous process.Every individual in the organization is a part of the PM system.Every component of the system is integrated to ensure continuous organizational effectiveness.With PM,every worker's efforts should focus on achieving strategic goals.

Performance Appraisal May Be the Single Largest Contributor to Organizational