Performance Evaluation Essay Example | Topics and Well Written Essays - 1250 words

Performance Evaluation - Essay Example In this context, continuous performance evaluation plays a significant role for determining the merit or worth of a program or solution. The ultimate purpose of determining the value is to provide the information to the top level managers, for formulating action-oriented decisions that helps in enhancing performance of programs and organizations. As stated by Guerra-Lopez (2008), â€Å"every component driven by the evaluation must be aligned with the organizations’ expectations and objectives and the decisions that will have to be made as a result of the evaluation findings† (Guerra-Lopez, 2008). Evaluation of performance helps in comparing the result with expectation. It also assists in preparing action plans for improving the programs and solutions being analyzed, so that expected performance is achieved and sustained as well as organizational contributions and objectives can be realized. Job description and performance appraisal are the important parts of performance evaluation. Performance evaluation can be performed for any operating objectives of an organization but here employees’ performance evaluation with respect to their job and performance appraisal of McDonald’s will be conducted. T... The company also employs a considerable number of around 1.7 million people in its chain of restaurants (McDonald’s Corporation, 2010). With these given virtues and with due consideration to the organizational objectives, performance evaluation can apparently be stated as a vital aspect in McDonald’s. McDonald's being in a service-oriented industry, the company requires providing significant consideration to the aspect of employee satisfaction and productivity with the purpose to attain superior customer satisfaction. Attaining sustainable growth through employee satisfaction and quality services to customers is among the most crucial objectives considered by the organization at present (McDonald’s Corporation, 2010). Therefore, it becomes quite essential for the organization to focus on the continuous performance evaluation of its employees and the organization as well so as to identify the continuous change in the customers’ preferences and the employee performances. Compensation Strategy In this competitive market, it has become quite challenging task for the employers to acquire and sustain productive, knowledgeable and talented manpower, especially in the service sector so as to gain sustainable growth. With due consideration to the fact that employees in terms of human resources are quite significant for organizational growth, training and evaluation have emerged to be the prime concern of the Human Resource Department (HRD). It is in this context that Human Resource Management (HRM) approaches are being provided with greater stress in order to enhance the contribution of employees in the overall organizational