BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Psychological appraisals come in handy to determine the hidden potential of employees. This method focuses on analyzing an employee’s future performance rather than their past work.

Detailed explanation-2: -Potential appraisal is future oriented appraisal . The objective of potential appraisal is to identify and evaluate the potential of the employees to assume higher positions and responsibilities in future. Many organisations consider and use potential appraisal as a part of the performance appraisal processes.

Detailed explanation-3: -Psychological Appraisals: Psychological appraisals determine the hidden potential of employees and predict their potential and future performance. OKR-based appraisal: Objectives and Key Results-based (OKR) approach set continuous performance management goals and are managed through regular check-ins.

Detailed explanation-4: -Future Oriented Methods of Performance Appraisal Establish goals and desired outcomes for each subordinate. Setting performance standards. Comparison of actual goals with goals attained by the employee. Establish new goals and new strategies for goals not achieved in previous year.

Detailed explanation-5: -Companies use performance appraisals to determine which employees have contributed the most to the company’s growth, review progress, and reward high-achieving workers. Although there are many different kinds of performance reviews, the most common is a top-down review in which a manager reviews their direct report.