Final answer:
Performance management is the HRM practice involving employees receiving feedback. It is used to assess and improve employee performance and includes the 360-degree feedback appraisal, which aligns with the company's objectives and values.
Step-by-step explanation:
HRM Practice Involving Employee Feedback
The HRM practice that involves employees receiving feedback is performance management. Performance management systems, including the 360-degree feedback appraisal, are designed to assess and improve employee performance by providing both positive and negative feedback. This system allows employees to understand how their work is perceived and to identify areas for improvement and professional development. Feedback within performance management can be used to motivate employees, guide their career paths, and ensure that they are contributing to the company's objectives effectively.
Performance appraisals are complex processes that can serve multiple purposes, from motivating employees to assessing the success of training programs. An effective performance management system aligns with the organization's culture and values and can significantly impact employee job satisfaction and productivity.
Although traditionally there has been some resistance to performance evaluations by both organizations and employees, a well-implemented system is a crucial tool for organizational success and employee development. Being open to feedback is essential for employee growth, which is an integral aspect of the performance management process.