Top 5 Benefits of Employee Performance Appraisals

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A performance management system is a vital part of human resources and people management. It’s essential for keeping employees on track, spotting high performers, and handling productivity issues. Performance management systems take you beyond basic employee reviews and into professional development territory, where employees — and your business — can flourish.

Employee development in the workplace has recently been a hot topic in light of the ongoing candidate shortage. It’s never been more important than now when jobs are in great supply, and job seekers have lots of options. Millions of Americans are quitting their jobs this year: 3.98 million in July; 3.87 million in June; a record 3.99 million in April. It’s clear that the fight for talent is ongoing.