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Merit Rating

Main aim of merit rating is the evaluation of the performance of employees. Employer can give reward on the basis of merit of employees. It is also helpful to compare the quality of different employees.

In merit rating, we evaluate the following personal abilities. 

1. Knowledge and work experience.
2. Interest in the work
3. Quality  which he produced.
4. Punctuality
5. Trust and Faith
6. Confidence
7. Leadership quality
8. Discipline and co-operation
9. Flexibility according to situation and time.
10. Hard working

We write marks of above qualities. Now, employee does his duty. During the time of duty, we measure his obtained marks in it. For example, yesterday, I gave Rs. 160 to my employee to recharge my mobile. He did not recharge my mobile but he had used for other purpose. When I asked about mobile recharge, he told me that he used for other purpose and next day. He will recharge my mobile with Rs. 160. It was the breach of my trust. I gave zero marks in trust and faith because when an employee can use Rs. 160 of your money for their personal use without any permission, how can I faith on him by giving him big amount? So, his rank has been declined on the basis of merit rating. If you are employee, you also never break the trust of your employer.

Importance of Merit Rating 

1. It is helpful to measure the performance of employees. On the basis of performance, we can utilize him in better works.

2. After telling the weak points of employees, we can increase the performance of employees.

3. It is the helpful to promote of employees.

4. Merit rating tells the strength and weakness of employee with proper record. So, it is helpful to give more training to employee. With training, we can convert his work points in to strength points.

Related : Time Study

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Accounting Education: Merit Rating
Merit Rating
Accounting Education
http://www.svtuition.org/2012/06/merit-rating.html
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