What is a performance appraisal?
Also known as performance review, a performance appraisal is a review of an employee's job performance, skills, contributions, achievements and more. The general purpose is to provide employees with big-picture feedback on their work. How often companies provide employee performance appraisal reviews is at their own discretion. They can be done annually, semi-annually, or quartely.
Performance appraisals have three purposes:
- to provide feedback to employees
- to set the way for modifying behaviour towards more effective work habits
- to provide information to managers with which they may allocate future job responsibilities and compensation
Read this guide to performance appraisal to learn how to prepare your performance feedback talk and best practices to make the most out of it.