Final answer:
A performance evaluation is a formal process in which an employee and supervisor assess the employee's performance and set goals for the future. It involves discussing met/exceeded/not met goals, their relation to future work goals, and setting goals for the next year or work period. Performance appraisals document and assess performance, including any goals set, and can be used to communicate concerns or reinforce good performance. They may also discuss rewards or consequences, and be used to document poor performance for termination decisions. Setting goals require achievement, appropriateness, measurability, and motivation, with relevance and time-bound aspects.
Step-by-step explanation:
A performance evaluation is an opportunity for both the employee and supervisor to assess the employee's performance and set goals for the future. It is typically conducted through a formal process, such as an annual face-to-face meeting. During this evaluation, the employee and supervisor discuss which goals were met/exceeded/not met, how they relate to future work goals, and what goals should be set for the next year or work period.
Performance appraisals play a role in documenting and assessing an employee's performance, including any goals that have been set. They can be used to communicate specific concerns or reinforce elements of good performance. The evaluation can also be used to discuss performance rewards or consequences. The organization may use performance appraisals to document poor performance and make decisions regarding termination.
When setting goals, it is important to make them achievable, appropriate, measurable, and motivational. This requires planning and establishing criteria for measuring progress. Goals should also be relevant and time-bound, supporting other goals and having a specific target date or deadline.