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Today's tutorial focuses on performance appraisal, also known as performance review or evaluation. It is a method for regularly assessing an employee's job performance and contributions to enhance their effectiveness. Performance appraisals provide essential feedback and serve as a formal mechanism for evaluating performance, influencing key decisions like bonuses, promotions, and terminations. Crucially, it is a shared responsibility between the employee and manager; while the manager leads, active employee engagement is vital for fostering the necessary commitment to performance improvement. The video will outline AIHR's top five best practices for implementing effective performance appraisals.