After a manager has conducted a performance evaluation, the next step is the manager identifies what the employee can do to capitalize on performance strengths and address weaknesses.
The term "performance evaluation" refers to a structured and effective process for gauging an employee's performance in relation to their duties at work. When compared to industry norms and overall employee return on investment, it is used to determine the amount of value added by an employee in terms of increased business revenue.
Every organization that has mastered the art of "winning from within" by putting their employees first relies on a systematic performance evaluation process to monitor and assess employee performance on a regular basis. Employees should ideally be evaluated on their work anniversaries each year, with the goal of either promoting them or giving them a fair salary increase.
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