In a corporation, an appraisal is a routine procedure that involves methodically assessing workers’ performance and defending their accomplishments with incentives or pay increases. It is mostly an annual procedure that entails evaluating employees’ abilities, accomplishments, and plans for future development. Depending on the policies, different organizations undergo appraisals more than once.
Employees benefit from the process by learning how they contribute to their roles and how valuable they are to the firm. The procedure is essential to the development of employees. The HR department’s decision will determine whether the entire performance review process is formal or informal. Each organization makes its own decisions about the format of performance reviews.
