Importance of Performance Appraisal

Question: Performance appraisal plays a very great role in setting objectives and goals. Being an employee of the company, what do you think about the importance of performance appraisal. Explain the 3 basic functions of an effective performance appraisal.

Also, describe the following points in detail:

• Performance Feedback
• Validation of Selection Process
• Employee Training and Development Decisions
• Transfers
• Promotions
• Compensation Decisions
• Layoff Decisions

Combine all the points and prepare an assignment in 2500 words using MLA format.

Note: Do not exceed the word limit.

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