What is Performance Appraisal?
A definition of Performance Appraisal
“A performance appraisal is a systematic evaluation of an employee’s job performance by comparing it with set standards. It aims to provide feedback to employees and to identify areas for improvement.”
Business Glossary > What is Performance Appraisal?
Examples of Performance Appraisal in a Sentence:
The annual performance appraisal helps employees understand their strengths.
A performance appraisal can motivate employees to enhance their skills.
The company implemented a new performance appraisal system last year.
Why is Performance Appraisal Important in Business?
Performance appraisals are vital for employee development and organizational growth. They help identify training needs, recognize achievements, and align individual goals with company objectives, ensuring both personal and professional progress.
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Associated Terms
Here are some associated business terms and synonyms for “Performance Appraisal”:
- Performance Review
- Employee Appraisal
- Performance Evaluation
- Employee Evaluation
- Performance Assessment
Google’s Performance Appraisal
Google has an innovative performance appraisal system focusing on ongoing feedback and development. Their 360-degree feedback approach ensures comprehensive evaluation and fosters transparent communication, enhancing overall employee performance and satisfaction.
Final Notes on Performance Appraisal
When conducting performance appraisals, companies should ensure that the process is transparent, objective, and aligned with the organizational goals. This will promote trust and encourage open communication between employees and management.
This has been a definition of Performance Appraisal meaning.
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