Performance Management

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Discuss the purpose of performance appraisals and how effective or ineffective they are in today 's business environment

Introduction

Performance appraisals form one of the most important and effective systems of evaluating business human resources in the modern business environment . This has been the case due to its efficacy in improving the employees ' loyalty , general morale , and productivity which are very essential in deriving the necessary competitive advantage in the market place . Following the high dynamism that has

been posted by the modern business operating environment mainly drawn from globalization and technological advancements , the need for performance appraisals has drastically risen . As George and Scott (2009 , 62-65 ) point out , the concept has been strongly inculcated in most of the businesses as part of their intrinsic culture to enhance continuous growth and development Though managers as well as scholars have been sharply split over the purposes of performance appraisals and their efficacies in the current business environment , the demand for evaluation has been projected to continue in the present upward as a major guarantee for higher productivity in the future (Mathis and Jackson , 2003 , 96-99

This essay seeks to develop a cohesive analysis of the purposes of performance appraisal and its effectiveness in the modern business environment . To effectively establish this interlink , an inclusive evaluation of the system is given using the related theoretical basements that dictate its general orientation . By reviewing the necessary supportive literature , the essay also provides the necessary examples...