Performance Appraisal:

The goal of a performance appraisal should be to increase communication, establish clear expectations, reinforce good performance while improving unsatisfactory performance, and foster a spirit of cooperation and teamwork. From a supervisor's point of view, it is also an opportunity to document specific criteria for salary increases, promotions or disciplinary actions. It also involves setting goals with a plan of action for the next period. In some companies, the appraisal includes assessments from the employee's supervisor, peers, subordinates and customers as well as a self assessment. Performance appraisals may be conducted as often as every three to six months, but annual appraisals are more common.

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SuccessFactors Business Execution Software Suite enables financial institutions to rapidly align, arm, and incite a high-performing workforce to greatness. With proven success in serving more than 250 financial institutions and an industry-leading solution, SuccessFactors understands and solves workforce challenges unique to the finance industry.
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