What is performance appresal system?

A performance appraisal system is a structured process used by organizations to evaluate and assess an employee's job performance, skills, and contributions over a specific period. It typically involves setting performance standards, providing feedback, and identifying areas for improvement or development. The goals of this system include enhancing employee productivity, aligning individual objectives with organizational goals, and facilitating career development. Effective performance appraisals can also inform decisions related to promotions, compensation, and training needs.