Appraisal is the method of systematically and structurally evaluating and assessing an employee’s performance. The main purpose of the appraisal process is to give employees feedback on their performance, pinpoint their strengths and weaknesses, and support them in enhancing their skills and abilities to reach their personal and professional objectives.
Effective appraisal systems can benefit both employees and employers. For employees, appraisal provides an opportunity to receive feedback on their performance, set goals, and develop their skills and competencies. For employers, an appraisal can help identify top performers, determine training and development needs, and make decisions about promotions, bonuses, and other rewards.
Some of the most common types of employee appraisal methods used by organizations are :