Management By Objectives
This is the most popular method of performance appraisal. This style entails the setting up of performance objectives agreed upon by both the appraisee and the appraiser. The appraisee’s performance will be managed against those objectives and hence his appraisal score will depend on the achievement of the objectives.
This method gives an employee a clear picture of what he or she is expected to achieve in his organizations. However, in many cases the performance appraisal system focuses more on the set objectives and little on how the employee will achieve them, that is, the tools and potential drawbacks. It also assumes like any other performance appraisal system, that an employee works like a machine that when given the specific dimensions and fed with inputs, the specific out put should come out. An employee has other factors that may cause him not to produce as per agreement