Debora M

Performance Evaluation is defined as a formal and productive procedure to measure an employee’s work and results based on their job responsibilities. It is used to gauge the amount of value added by an employee in terms of increased business revenue, in comparison to industry standards and overall employee return on investment (ROI).
All organizations that have learned the art of “winning from within” by focusing inward towards their employees, rely on a systematic performance evaluation process to measure and evaluate employee performance regularly. Ideally, employees are graded annually on their work anniversaries based on which they are either promoted or are given suitable distribution of salary raises. Performance evaluation also plays a direct role in providing periodic feedback to employees, such that they are more self-aware in terms of their performance metrics.