It is essential for members of management to understand the importance of conducting appraisals because an effective performance management system is key in improving employee performance, which ultimately adds to the bottom line of the organization. Failure to communicate performance expectations and achievements means that employees might not understand what is expected of them or how they can improve. Additionally, formal performance management is imperative to help protect an organization against legal claims. By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Apply human resource strategies to business needs.