The document discusses performance appraisal, which involves systematically evaluating an employee's work-related behavior and potential. It describes the key features of performance appraisal, including setting work standards, assessing performance against those standards, and providing feedback. The objectives are compensation, promotion, training, and personal growth decisions. Benefits include providing a basis for rewards systems and helping employees improve performance. The process involves establishing standards, measuring performance, comparing to standards, and discussing the appraisal.