are evaluations of an employee's performance, skills, and contributions to the organization. They are typically conducted annually or semi-annually by a manager or supervisor. Appraisals help identify an employee's strengths and areas for improvement, set goals for future growth and development, and determine compensation and promotion opportunities.
Appraisals in business are important for several reasons:
1. Performance feedback: Appraisals provide employees with feedback on their work performance and help them understand how their efforts contribute to the overall goals of the organization.
2. Goal setting: Appraisals help set clear and achievable goals for employees to work towards, providing motivation and direction for their work.
3. Development: Appraisals identify areas where employees may need additional training or support to improve their performance, leading to personal and professional growth.
4. Compensation and promotions: Performance appraisals are often used to determine salary increases, bonuses, and promotions for employees based on their contributions and accomplishments.
5. Legal protection: Performance appraisals document an employee's performance over time, which can provide protection for the organization in case of disputes or legal issues related to employee performance.
Overall, appraisals in business are a valuable tool for managing and improving employee performance, fostering professional development, and aligning individual goals with organizational objectives.
Appraisals in business
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