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How are performance appraisals conducted at yourorganization? Is this effective?

How are performance appraisals conducted at yourorganization? Is this effective? How can it be approved? Doperformance appraisals serve as motivators or de-motivators(provide examples)? Why? What are the most effective types ofperformance appraisals? How often should employees receiveperformance appraisals? What should be included in theappraisal?