Final answer:
The use of 360-degree feedback appraisal is a relatively new innovation in performance-appraisal methods, involving evaluations from various sources to provide a balanced view of an employee's performance.
Step-by-step explanation:
One relatively new innovation in performance-appraisal methods is the use of 360-degree feedback appraisal. This comprehensive evaluation process incorporates feedback from a variety of sources, including supervisors, peers, direct reports, and sometimes even customers, in addition to the employees themselves. This multisource feedback aims to provide employees with a more balanced view of their performance, highlighting areas of strength as well as opportunities for improvement.
The effectiveness of the 360-degree appraisal method has been debated. Some studies suggest that self and peer ratings may be unreliable, while others argue that the array of perspectives can be beneficial for employee development. Nonetheless, the implementation of this system requires careful consideration of the organization's culture and thorough training to ensure it aligns with organizational goals and enhances performance outcomes.
Performance appraisals serve various functions, such as identifying training needs, informing decisions regarding compensation and position, and documenting performance for administrative purposes. The goal is not only to assess job performance but also to motivate employees to improve and succeed in their roles.