Some of the major benefits derive from doing proper Performance Appraisal are as follows:-
- As Performance appraisal is an objective, systematic and periodical evaluation of staff performance, it therefore enhance the reliability of the company’ staff selection/ assessment procedure and policy
- Staff is more motivated to learn and grow under this performance appraisal methodology.
- Enable the assessment of the present and future potential of staff and determines the training and development needs
- Enable management in better decision making and planning of manpower ensure the effective and judicious use of resources.
- It acts a tool for job enrichment, promotion, salary increment, career planning, training and development and manpower planning.