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Today's discussion focuses on performance appraisal, also known as performance review or evaluation. This method is used to regularly assess an employee's job performance and contributions to the company to enhance their performance. Performance appraisals provide crucial feedback and serve as formal evaluations, influencing key decisions like bonuses, promotions, and terminations. Importantly, performance appraisal is a shared responsibility; while the manager typically leads the process, the employee's active involvement is essential for fostering buy-in and facilitating meaningful improvements.