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The importance of conducting regular employee performance evaluations is emphasized in this video tutorial by Stephen Goldberg of Optimus Performance. He acknowledges that many business owners and managers may avoid these evaluations due to reasons such as lack of knowledge and skills, lack of time, or employees being reluctant. Goldberg believes that conducting these evaluations is essential, comparing it to the game of bowling. He introduces an updated employee performance evaluation template in the video to help make the process easier for viewers.