What is comparative rating in SAP LOD-SF-PM - Performance Management?

SAP Term: comparative rating

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: The result of a comparison carried out between any employee currently going through a review and other employees, or between the employee's current rating and his or her previous ratings.

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• Key Concepts: 
  Comparative rating is a feature of SAP Performance Management that allows managers to compare the performance of their employees against each other. It is used to identify areas of improvement and to recognize employees who are performing well. Comparative rating is based on a scale of 1-5, with 1 being the lowest and 5 being the highest. 
  
  How to use it: 
  To use comparative rating, managers must first set up a rating scale for each employee. This can be done by assigning a numerical value to each performance criteria. Once the rating scale has been established, managers can then rate each employee on a scale of 1-5 based on their performance. 
  
  Tips & Tricks: 
  When setting up the rating scale, it is important to ensure that all criteria are weighted equally. This will ensure that all employees are rated fairly and accurately. Additionally, it is important to provide feedback to employees after they have been rated so that they can understand how they can improve their performance in the future. 
  
  Related Information: 
  SAP Performance Management also includes features such as goal setting, feedback management, and 360-degree reviews. These features can be used in conjunction with comparative rating to provide a comprehensive view of an employee’s performance. Additionally, SAP provides resources such as tutorials and webinars to help managers learn how to use Performance Management effectively.