Benefits of Evaluation
Evaluation refers to the methodical determination of worth, significance and merit of someone or something against certain standards. It is mostly used in a workplace setting by employers to review how employees are performing. Understanding the merits of an evaluation can help supervisors and managers to better utilize their workers and thus grow efficiently. Here are a few benefits of evaluation.
1. Identifies talent
Carrying out regular job evaluations helps to identify workers who have capabilities beyond their present work duties. This enables the organization to have better knowledge of the level of the talent that it currently has and also the range of duties employees can effectively cover. This is useful, particularly when the organization is creating a new branch as it can look at its employee evaluations to locate proficient talent to fill the new branch.
2. Provides supervisory candidates
An effective organization requires competent managers and evaluations can help identify workers who might be suitable for managerial positions. Evaluation ensures that possible managerial candidates are identified early, thus giving an organization the chance to engage in internal promotions. This saves the amount of money spent hiring and also training new workers.
3. Alter the salaries
A business can use worker evaluations to establish whether its salary structure has been properly set up. Job evaluations assist to identify the highfliers within the business and thus assist increase general productivity. Moreover, through using the outcomes of evaluations, managers can establish where pay increments are necessary so as to boost morale.
4. Creates training opportunities
Through evaluating overall employee performance, supervisors can easily identify the areas where the workers require improvement. This information can help the business to develop a good training program that will strengthen employee expertise.
Many workers however dread the process of evaluation as it causes unwanted worry and stress. Managers can ease assessment anxiety through informing employees on their progress throughout the evaluation period.