Aligning Performance Appraisals and Compensation PlansDuring

Aligning Performance Appraisals and Compensation PlansDuring the past few weeks, we have learned that there are various methods of conducting employee performance appraisals (e.g., trait, behavioral, ranking, MBO, etc.). Your task for this assignment is to pick one of those methods, explain it, and discuss how it could be effectively used to impact employee compensation. If you choose to explain an approach based upon a rating scale, you must also identify whether you are talking about rating traits, characteristics, behaviors, etc. DO NOT JUST TALK ABOUT A RATING SCALE AS A PERFORMANCE APPRAISAL METHOD.Your response should consider the potential impact the performance evaluation method could have on at least three different organizational stakeholder groups. Also, your assignment must include your thoughts on what organizations can do to prevent ethical and legal challenges that might from arise from linking the method of performance appraisal you chose to employee compensation.Your assignment should be approximately 5-7 pages in length (not including cover page and reference list) and include ample scholarly and professional sources to support your key ideas. This assignment will be graded according to the rubric attached below (attached to email).