Performance appraisals help in spotting areas where employees may be falling short, allowing for timely corrections and improvements.
They provide a clear assessment of who is ready for the next step, helping companies identify and reward top talent with promotions.
Appraisals are essential for setting and aligning employee goals with company objectives, ensuring everyone is on the same page.
Constructive feedback and recognition during appraisals can significantly boost employee morale and confidence.
They serve as a documented record of an employee's progress over time, helping in tracking growth and development.