Chapter 8Appraising Executive Talent
THE PERFORMANCE APPRAISAL PROCESS PROVIDES AN OPPORTUNITY TO CAPTURE THE attention of every individual in a company and point each individual toward the goals set for the organization. Every performance appraisal should foster an open, honest dialogue between employee and manager. Since executives are the most expensive resource in an organization, this resource needs to be protected through regularly scheduled appraisals to provide feedback and encourage improvement.
Performance appraisals of executives are not a ubiquitous process, and even when performed, often there is not a solid system in place to evaluate and encourage improvement. ...
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