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1. What performance appraisal methods would you recommend to make sure that only the "best" are kept at your company and on your team?
I believe that no one method is better, and that a wellbalanced mix of all performance appraisal methods would make sure that only the “best” employees are retained. This is because they each have their good points and their drawbacks. Two methods that mightwork well together are the graphic rating scale and 360º degree feedback. Graphic ration scales provide numbers and data to go off of and 360º degree feedback provides input from differentperspectives.

2. How do performance management appraisals and rewards help you to retain the "best" employees?
Performance management appraisals and rewards lets employees know that their efforts arebeing noticed as well as proving them with input on how they can improve. Provides incentive for bettering themselves and their work.

3. How do Graphic rating scales, Behaviorally anchoredrating scales, Critical incident techniques, 360º degree feedback and multi-person comparison play into performance appraisals?
They all provide ways to measure and evaluate employees. Graphic ratingscales as the name indicates rates employees based on a scale on things such as attendance, something that can be measured. BARS (behaviorally anchored rating scale) rates based on behavior used toperform a particular task. Critical-incident techniques are used to keep track of employee’s positive and negative behaviors. 360º degree feedback provide self appraisal and appraisal fromsubordinates, superiors, peers, and customers. Multi-person comparisons allow managers to rank employees relative to each other’s performance.

4. How do compensation policies encourage high performance?Compensation policies provide employees with an initiative for providing high performance.

Performance appraisals can be a valuable employee development tool, if used effectively but, a...