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In this video, Stephen Goldberg from Optimus Performance emphasizes the importance of employee performance evaluations for business owners and managers, noting that employees expect them. He introduces an updated performance evaluation template to facilitate the process. Goldberg acknowledges that many managers avoid these evaluations due to a lack of knowledge, time constraints, or employee reluctance, which can stem from infrequent evaluations. He underscores the critical nature of this function in management, using the analogy of bowling to illustrate the evaluation process. Overall, he encourages regular performance assessments for effective team development.