The Practical Model of Employee Performance Evaluation

There are many scholarly articles in the literature sources that refer to the employee performance evaluation topic. Many scholars, for example, describe relations between employees’ job satisfaction, or motivation, and their performance. Others deal with the performance evaluation of the whole organization where they include tangible and intangible metrics. However, only few of them provide with such an employee performance evaluation model that could be practically applied in the companies as a reference. The main purpose of this paper is to explain one such practical model in the form of a standard document procedure which can serve as an example to follow it in the companies of different types. The model incorporates employee performance and compensation policy and is based on the five questions that represent the guiding principles, as well. The practical employee performance evaluation model and standard procedure will be explained based on the information and experience from a middle-sized industrial organization located in the Slovak republic.