Bus 114 | Business & Finance homework help
Benefits:
-Not having a formal appraisal system allows for more freedom and flexibility in employee performance assessment. Managers are able to make decisions about performance without being tied to any specific criteria.
-It also opens up communication channels between managers and employees, allowing for meaningful conversations about expectations and goals.
-Without an appraisal system, there is less paperwork involved and fewer administrative tasks which can help save time.
-Not having a formal appraisal system allows for more freedom and flexibility in employee performance assessment. Managers are able to make decisions about performance without being tied to any specific criteria.
-It also opens up communication channels between managers and employees, allowing for meaningful conversations about expectations and goals.
-Without an appraisal system, there is less paperwork involved and fewer administrative tasks which can help save time.
Drawbacks:
-Lack of structure may result in unclear expectations or lack of feedback on employee performance. Without the guidance of a formal appraisal system, it may be difficult for managers to adequately evaluate job performance or assign appropriate rewards or punishments.
-Employees may feel that their contributions are not properly acknowledged if they do not receive regular evaluations from management. This could lead to feelings of dissatisfaction with their job or even a desire to leave the organization altogether.
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