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

SAP Term: rating of record

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: The official rating of each goal or competency on forms, usually provided by managers instead of employees.

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• Key Concepts: 
  Rating of Record is a feature in SAP Performance Management that allows managers to rate their employees’ performance. This rating is based on the employee’s performance over a certain period of time and is used to determine their overall performance rating. The rating of record can be used to assess an employee’s progress and identify areas for improvement. 
  
  How to use it: 
  To use the rating of record feature, managers must first set up the criteria for the rating. This includes setting up the rating scale, setting up the criteria for each rating level, and setting up the weighting for each criterion. Once this is done, managers can then rate their employees’ performance based on the criteria they have set up. 
  
  Tips & Tricks: 
  When setting up the criteria for the rating of record, it is important to ensure that all criteria are relevant to the job role and that they are weighted appropriately. It is also important to ensure that all ratings are fair and consistent across all employees. 
  
  Related Information: 
  The rating of record feature in SAP Performance Management can be used in conjunction with other features such as goal setting and feedback management. This allows managers to track their employees’ progress over time and identify areas for improvement.