ENTREPRENEURSHIP

Detailed explanation-1: -A performance appraisal is a regular review of an employee’s job performance and contribution to a company. Performance appraisals are also called annual reviews, performance reviews or evaluations, or employee appraisals.

Detailed explanation-2: -A performance appraisal is a systematic and periodic process of measuring an individual’s work performance against the established requirements of the job. It’s a subjective evaluation of the employee’s strengths and weaknesses, relative worth to the organization, and future development potential.

Detailed explanation-3: -A performance review is an evaluation of an employee’s job performance over a certain period of time, based on specific criteria. Performance evaluations are important for showing which employees are performing well, and which are struggling so that you can provide the appropriate support.

Detailed explanation-4: -For most staff positions, the job performance areas that should be included on a performance evaluation form are job knowledge and skills, quality of work, quantity of work, work habits and attitude.

Detailed explanation-5: -Management by Objectives (MBO) 360-Degree Feedback. Assessment Centre Method. Behaviorally Anchored Rating Scale (BARS) Psychological Appraisals. Human-Resource (Cost) Accounting Method.