GENERAL KNOWLEDGE

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 review is a formal assessment in which a manager evaluates an employee’s work performance, identifies strengths and weaknesses, offers feedback, and sets goals for future performance. Performance reviews are also called performance appraisals or performance evaluations.

Detailed explanation-3: -What is performance evaluation? Performance Evaluation is defined as a formal and productive procedure to measure an employee’s work and results based on their job responsibilities.

Detailed explanation-4: -The process includes: (1) setting objectives; (2) recommended mid-year review of the objectives; and (3) an Annual Review at the end of the rating period. Supervisors are encouraged to meet and discuss objectives and performance at other times whenever warranted or desired.

Detailed explanation-5: -Graphic rating scales. A typical graphic scale uses sequential numbers, such as 1 to 5, or 1 to 10, to rate an employee’s relative performance in specific areas. 360-degree feedback. Self-Evaluation. Management by Objectives (MBO). Checklists.