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In this video, Stephen Goldberg from Optimus Performance discusses the importance of conducting employee performance evaluations as a crucial function for business owners and managers. He acknowledges that many tend to avoid these evaluations due to a lack of knowledge, time constraints, or employee reluctance from infrequent evaluations. To facilitate the process, he has updated his employee performance evaluation template, which he plans to share in the video. Using a bowling analogy, he underscores the significance of regular evaluations for effective team development and improved employee performance in the workplace.