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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
- 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.