for Prof. Shaukat only
Mr.Garcia
performance_appraisals__2.docxPerformance Appraisal Criteria
1. Budget/Sales Numbers
2. Hiring/Firing/Turnover
3. Training Goals
4. Margins/Profits
5. Operational Goals
Forced Rankings
· 1. Outstanding 10%
· 2. Exceeds 10%
· 3. Meets 60%
· 4. Must Improve 10%
· 5. Fails to meet 10%
Pay Increases Tied to Performance Appraisals
Pay Increase Budget = 3.5% Average
1. 4%
2. 3%
3. 2%
4. 1%
5. -0-
360 Reviews ( Citical Componant of your Annual Apprasial process)
All Done Electronically
Every Subordinate, Peer and
Supervisors will “grade” rank your performance on a 1-5 scale. (you will be asked to complete one for your Manager and your peers)
They may be asked to rank you on:
· Leadership
· Competency
· Strategic Thinking
· Tactical Skills
· Emotional Intelligence/Social Skills
(You will be asked to rank yourself as well).
Your “ranking ”will then be calculated for measuring your overall appraisal performance score.
Most companies that use either a 360 program or conduct an annual performance review process will usually ask each employee to first conduct one on themselves.
Your boss will then either confirm your own measurement of yourself or adjust it accordingly .
Example: Your boss has 10 direct reports and can only give out 1 top mark.. so if you grade yourself a 5, even if that’s fair and you deserve it your boss may have to knock it down a notch or two to reach his/her forced ranking formula. .
