Final answer:
The performance appraisal method described is the 360-degree feedback appraisal, involving feedback from several sources for a holistic view of an employee's performance. It's used for performance improvement and training needs assessment.
Step-by-step explanation:
The performance appraisal method in which the employee is rated on scales with statements depicting performance in several areas is known as the 360-degree feedback appraisal. This comprehensive appraisal system involves garnering feedback from multiple sources, including supervisors, peers, direct reports, and sometimes even customers. The purpose of the 360-degree system is to provide a well-rounded view of the employee's work performance, thereby aiding in personal development and training needs assessment.
Performance appraisals often document job performance multiple times a year, fostering communication between employees and supervisors regarding performance improvements, training opportunities, and job satisfaction. Using the 360-degree feedback appraisal, employees receive a variety of perspectives on their job performance, which can lead to a better understanding of how to improve through self-effort or professional development.