Final answer:
A recommended system for performance appraisal for supervisors and managers is the 360-degree feedback appraisal, involving supervisors, peers, subordinates and self-assessments. this comprehensive approach provides insight into the individual's performance from various perspectives and helps in personal and organizational development.
Step-by-step explanation:
The CEO has instructed you to recommend a system of performance appraisal for all supervisors and managers. In considering this, the most comprehensive approach that could be recommended is the 360-degree feedback appraisal method. This method incorporates evaluations from supervisors, peers, subordinates, and self-assessments, as well as external feedback from customers where relevant. This multi-source approach offers a more complete picture of the employee's performance from different perspectives.
When selecting who should conduct the appraisals, involving supervisors, subordinates, peers, and self (option 4) would be advisable as it gives a well-rounded view of the individual's performance. The method mentioned in the reference, the 360-degree performance appraisal, aligns with this selection, and it serves to provide a more accurate assessment of job performance and is a powerful tool for personal development and organizational improvement. this appraisal system facilitates identifying strengths and weaknesses, thereby guiding decisions related to training, career development, and performance-related rewards or consequences. It is crucial that the performance appraisal process is aligned with the organization's culture and that proper training is provided for those implementing the system to promote its effectiveness. Furthermore, it should not only serve as a basis for administrative decisions but also as a mechanism for motivating employees to achieve better performance and develop their competencies.