Benefits Of Business Performance Assessment Program

By Daphne Bowen


Many entrepreneurs get in this sector because they want to make profit after a certain period of time. So they carry out the operations of that firm with a common goal that is profit oriented. After being into that industry for a specific period it is recommended for employers to come up with a business performance assessment program to evaluate their activities so far.

Managers once they identify weak area of an employee they should try to work closely with that particular employee so as to eliminate those weak areas as well as encouraging and rewarding the staff strong points. One of the benefits of reviewing progress of an organization is assessment regularity. Proving official evaluation in your organization makes sure there is regularity when reviewing staff.

But it has been proven time and again that evaluation practice has more benefit that outweighs the challenges faced in the process. The practice should be included in the company policies or strategies for success. When these practice is carried out like a contribution evaluation system which consist of standard form of evaluation, standard measures of conduct, feedback guidelines, and procedures for disciplinary action this practice promote acceptable boundaries for performance, facilitate staff recognition, promote effective communication while facilitating motivation of employees to work even harder for the practice and themselves.

The importance of progress review is to keep the owner of a business updated on progress their companies are making. As the organization grows owners of such organization distant themselves from the daily running of the organization and delegate that responsibility to managers whom they appoint.

To come up with a good criteria for evaluation a manager can follow this few steps. First is coming up with evaluation form. Also there is Identification of work measures, fixing feedback guidelines, coming up with disciplinary procedures, creation of termination procedures and lastly creating a clear evaluation schedule.

The evaluation is sometimes seen as a tool to calculate actual productivity against the company expected productivity, it also provides a forum for supervisors and employees to discuss matters pertaining productivity and to identify staff training, appraisal and development requirement and to also evaluate their career growth.

To protect your practice and your employees interest evaluations are supposed to be done fairly, on objectivity basis and carried out consistently. This is a process hated by many employees and also some owners dread the process too. The process comes at a great cost to that particular company and a manager should first understand what this process entails before getting on with it.

Other benefits of evaluation include enhancing employee motivation, productivity and commitment, identifying employees goal as wells as objectives, satisfy basic human requirement through recognition, identifying opportunities for employee to improve and producing opportunities for employee to develop. Each department, agency or institution is supposed to apply one of the two programs that is evaluation based on individual or team based evaluation. Problems include evaluation are not linked with reward, there is no integration and little or less legal support given.




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