What do you mean by Performance appraisal?

What do you mean by Performance appraisal?

It is the systematic evaluation of the performance of the employee and to understand the abilities of a person for future growth and development.

It is a systematic process involve below three steps;
• Setting work standards
• Assessing employee’s actual performance relative to these standards.
• Giving feedback to the employee so that he can eliminate deficiencies and improve performance.