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A performance appraisal is a manager's review of an employee's work performance, identifying strengths and weaknesses for improvement. New evaluation methods have emerged, focusing on employee growth beyond raises or bonuses. One successful method is Management by Objectives (MBO), which measures accomplishments against established objectives. By collaborating on goals at the year's start, the end-of-year appraisal can effectively compare outcomes. This method is simple and empowers employees in goal-setting, but it overlooks non-goal-related success metrics. The rating scale is another prevalent review type used for evaluations.