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The video tutorial discusses the importance of employee performance appraisals as a key tool for understanding employees and aligning them with company objectives. It presents a customizable four-page template designed for annual evaluations, applicable across various industries. The first page includes essential instructions and guidelines, while subsequent pages contain evaluation questionnaires and approval sections. Users can protect the template with a password to prevent alterations to the original content. Additionally, the tutorial explains how to insert a company logo by accessing the header and footer menu, allowing for customization to fit the company's branding.