The document discusses performance appraisals, which involve systematically evaluating an employee's performance against predefined standards such as knowledge, quality of work, leadership, and attitude. A performance appraisal measures how well an employee is performing their job. It identifies strengths and weaknesses to help employees grow and informs compensation and promotion decisions. The process involves establishing standards, measuring performance, comparing to standards, discussing with employees, and taking corrective actions if needed. Performance appraisals are done periodically according to a plan and aim to provide feedback to employees.