Research On Improvement Of Performance Appraisal System Of WD Company’s Production Department

With the continuous development of the economy and the continuous changes in the market environment,companies are facing increasing uncertainty in their development.More and more companies hope to promote their own development through the establishment of a sound performance appraisal system.A sound performance appraisal system needs to follow the cost-benefit principle and achieve the goal of "obtaining benefits from costs".Through the assessment of all aspects of employees’ "ethics","performance","diligence" and "ability",we encourage employees to actively participate in work and strive to create value to achieve the purpose of improving personal quality,enhancing departmental efficiency,and achieving corporate goals.Three wins for individuals,departments and enterprises.This article takes the production department of WD company as an example to study the improvement of performance appraisal system.WD company is a manufacturing enterprise with many employees in the production department.It is currently in the mature stage of enterprise development,but in recent years there have been poor financial ratios and high employee turnover.As the core department of WD,the production department,as the core department of WD,has also experienced situations such as failure to complete the production plan,low inventory turnover rate,and low employee enthusiasm.In addition,the outbreak of the new crown pneumonia epidemic has caused the cash flow of business activities.How to improve the existing KPI performance appraisal system of the production department and give full play to the role of performance management has become a key concern of the management of WD.On the basis of combing the literature,investigating WD company on the spot,issuing questionnaires and other methods,this article understands the current status of the performance appraisal system of the production department,and believes that it has imperfect appraisal indicators,incomplete appraisal angles,insufficient performance communication,and lack of performance.Issues such as appraisal training and performance feedback interviews.According to the strategic goals and plans of the production department,this article applies the 360-degree assessment method of management accounting tools and KPI assessment methods to performance management.Based on the internal and external environment of WD company,through finance,customers,internal processes,learning and communication The four dimensions select KPI indicators for evaluating "performance" and360-degree indicators for evaluating "ethics","diligence",and "ability".Different levels of employees in the production department are evaluated from different perspectives,and through training before performance evaluation,In the performance appraisal process,strengthen the communication between the appraisal parties and add performance feedback and appeals at the end of the appraisal period to build a "360-degree + KPI" performance appraisal system to achieve the purpose of improving the original performance appraisal system and to encourage the production department to arrange production plans reasonably.It is of great significance to improve the financial performance of the production department and stimulate the enthusiasm of employees.