Performance appraisal is an evaluation of the performance level of employees against established standards to make decisions about promotions, compensation, additional training, or firing.
Explanation:
A performance appraisal is the process of reviewing the job performance of an employee. It also helps in finding the overall contribution of the employee to the company.
The skill, growth and achievement of the employee in the work are monitored and even his negativity like where he lacks his performance was also noted.
This helps the organization to review about his employee and make decision regarding his promotion, additional training, and compensation or sometimes regarding firing.
