Performance Appraisal
Performance Appraisal

Performance Appraisal: A Key Component of Employee Growth and Organizational Success

Performance appraisal is a systematic process used by organizations to evaluate and document the performance of their employees. This process not only provides valuable insights into individual performance but also plays a crucial role in career development, goal setting, and organizational growth. By assessing employees’ strengths and areas for improvement, performance appraisals help organizations align individual contributions with their broader business objectives. What is Performance Appraisal? A performance appraisal is a formal review of an employee’s work performance, typically conducted annually, semi-annually, or quarterly. The purpose is to assess an employee’s job performance, skills, behavior, and achievements against pre-established criteria or goals. Appraisals are often based on a variety of factors such as productivity, quality of work, communication skills, teamwork, and adherence to company policies. While traditionally used as a tool for compensation adjustments, promotions, and disciplinary actions, modern performance appraisals have evolved to focus more on employee development, feedback, and setting actionable goals for future performance.