Abstract:
Performance Appraisal (PA) is a process by which employee performance has been evaluated following established criteria as well as this is one of the substantial tools for judging the employee competency and effectiveness with respect to his task. In addition, it facilitates the organization in making right decisions regarding personnel credentials such as promotion and merit enhances. Performances of the employee are linked with the measures associated with these sub-divisions such as recruiting, selection, placement, training and compensation. From the Employees perspective, they want to know their basic status quos in order to improve their performances. Mid-level management is expected to improve their performance which facilitates productivity. There are very few mechanisms available to achieve these requirements than employee performance appraisals? For instance, every medical group manager has been evaluated through informal appraisals on a daily basis. Organization can get benefitted holistically when these appraisals are controlled through formal way by establishing systematic appraisal program. In this study, positive ingredients and critical areas are addressed including prerequisites, setting a workplan, conducting verbal and written appraisal to perform effective employee performance appraisal following established criteria. In this study, human resource practices of BSTI has been examined as well as relationship of performance appraisal, job analysis, recruitment etc. has been scrutinized and recommended for effective performance management system. The study has given specific important on performance appraisal system of an organization namely Bangladesh Standards & Testing Institution (BSTI). PA is a crucial and critical process for any organization that is seeking for the development, reputation and organizational profitability in the competitive environment. The indispensable components of an effective PA system comprise of understanding its basics and the key steps laying the foundation. To get sound appraisal system, it is required to evaluate the available techniques and implementation process by brainstorming. Performance Appraisal includes recruitment, leave, staff transition, policies related to salary & other financial benefits, staff development (through training, motivation etc.). Effective performance appraisal tool is an asset for the organization. This study aims at detecting the problems based on literature review, objectives together with relevant methodologies, rationale of the study etc.