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Performance Appraisal

What is Performance Appraisal?

A regular periodic review and evaluation of employees’ job performance and contribution to the company is called performance appraisal. The motive of this function is to get an overview of the company’s overall operations, based on which decisions on appraisals, bonuses, hikes, or terminations are made. Generally, many organizations conduct performance appraisals annually, while it is also conducted semi-annually or quarterly by some.

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