The term “performance appraisal” refers to the regular review of an employee’s job performance and overall contribution to a company. Also known as an annual review, performance review
They are usually designed by HR departments as a way for employees to develop in their careers. They provide individuals with feedback on their job performance
How Performance Appraisals Work
Types of Performance Appraisals
Individuals rate their job performance and behavior
Self-assessment
An individual’s work group or co-workers rate their performance
Peer assessment
Includes input from an individual, supervisor, and peers.
360-degree feedback assessment
This newer trend utilizes a mediator and attempts to moderate the adversarial nature of performance evaluations by allowing the subject to present first.