The statement that becomes true regarding the performance appraisalis the process of determining how well employees do their jobs relative to a standard and communicating that information to them
Performance Appraisal is the systematic evaluation of the performance of employees when compared to a set standard, and to understand the abilities of an employee in order to enhance further growth and development. What this means is that a performance appraisal entails a regular review of an employee's job performance and overall contribution to a company.
Performance appraisals can be carried out at any time, but in order to ensure uniformity, companies tend to carry out annual, semi-annual or quarterly performance appraisals.
Companies usually make use performance appraisals to give employees a feedback on their work and they also use it to justify pay increases and bonuses, as well as for making decisions to terminate employment .