Performance Development and Evaluation 

People enable an organization’s success, and their applied skills and creativity are what drive organization’s performance and growth.
The most productive employees are those that are constantly driven and unrelenting in their pursuit of goals. Those employees who have a clear understanding of their company’s vision, mission and values have specific targets and an action plan for achievement of those goals, they are motivated and feel empowered to reach them.
The performance development and Evaluation process helps companies to manage the process of compensation and bonus payments, salary increases and promotions, as compensation and bonus payments should be directly tied to performance.
Performance reviews offer an excellent time to discuss the development plan for employees. Different people within the organization have different strengths and weaknesses. The appraisal process can be used to assess employees’ strengths and weaknesses, identify areas for development, and determine needs for additional training, coaching or education requirements.
One of the many benefits of performance evaluation is that it offers a chance for a supervisor and subordinate to have "time out" for an in depth, one-on-one discussion of issues that otherwise might not be addressed. Employees informed about performance expectations are better able to meet the challenges of excellence. As for the feedback received from a one-on-one discussion, it provides employees with the necessary information to improve their on-the-job performance.