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In this video, Stephen Goldberg from Optimus Performance emphasizes the importance of employee performance evaluations for business owners and managers. He acknowledges that many tend to avoid these evaluations due to factors like lack of knowledge, time constraints, or employee reluctance. Goldberg introduces an updated employee performance evaluation template designed to simplify the evaluation process. He encourages viewers to recognize the value of conducting these assessments regularly, using a bowling analogy to illustrate its significance. Ultimately, he stresses that performance evaluations are an essential function within any organization.