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In this video, Stephen Goldberg from Optimist Performance presents criteria for conducting employee performance evaluations based on five key competencies. He emphasizes the importance of making evaluations straightforward and effective. Building on his previous video about conducting employee review sessions, he suggests using a job description alongside the new criteria for discussing employee performance in relation to their responsibilities. The competencies introduced draw from the Profiles Performance Indicator assessment, which Goldberg finds applicable to a wide range of situations, enhancing the evaluation process.