ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -What is the primary purpose of a performance appraisal? The primary purpose of a performance appraisal is to evaluate the performance level of employees are measured against established standards to make decisions about promotions, compensation, additional training, or firing.

Detailed explanation-3: -Performance evaluation is the process by which manager or consultant examines and evaluates an employee’s work behavior by comparing it with preset standards, documents the results of the comparison and uses the results to provide feedback to the employees to show where improvements are needed and why.