One of the greatest challenges that organizations face today is to have qualified personnel who can actively help to achieve the strategic objectives of the company through their competencies, skills, attitudes and knowledge at the same time as motivates and develops.
What is performance evaluation?
According to hiring solution experts one of the most recognized authors on human resources and administration, “Performance evaluation is a systematic appreciation of the performance of each person in the position or the potential for future development.”
It consists of a formal review of the work results that is carried out periodically in which the collaborator and his direct boss participate interactively, who must work together to plan, monitor and review the work objectives, skills and values of the collaborator also called competitions, as well as its general contribution to the achievement of individual, departmental and organizational objectives with the premise that it is more than an annual follow-up, a continuous process in which advice and feedback is provided to the work team to ensure that they are in the right correct path to achieve your professional goals and objectives acting according to the company culture. The performance evaluation forms a system designed to evaluate as objectively as possible the performance of each member of the team of the company.
During this process it is essential that it be covered from the definition of the main responsibilities of each position, the monitoring of progress in compliance to the formal evaluation of these, which can be carried out according to the needs of your company on a quarterly or semi-annual basis. or annual. It defines the expectations that the company has of each of its collaborators and the level of achievement in relation to those expectations. In other words, and as we pointed out earlier, it is a true joint teaching-learning process.
Objectives of Performance Evaluation
The main purpose of carrying out the performance evaluation in an organization is to determine the value of the work done by the employee in the company, likewise it is very useful to measure the level of competitiveness of the organization since if your work team demonstrates efficiency and achievement of their individual goals and in their area, they will be contributing to the benefit of the company as a whole.
In addition to this general objective, I share with you the following points that I consider important for all that they contribute to the organization.
- Follow up on the progress and fulfillment of the individual objectives and goals of each employee, which in turn are aligned with the organization’s objectives.
- Assess the importance of what each employee, each business unit or each work group contributes to the organization.
- Measure the performance of employees and based on that to be able to determine bonuses and incentives and thereby achieve a fairer management.