A formal assessment document generated within organizations typically at the close of each calendar year, or fiscal year depending on the business’ structure and processes. This report systematically evaluates an individual employee’s performance, achievements, and areas for improvement during the preceding period. It often includes specific, measurable, achievable, relevant, and time-bound (SMART) goals set for the upcoming year, alongside documented examples of past work successes and areas needing attention.
These assessments play a critical role in shaping human resources strategy. They facilitate fair promotion decisions, inform salary adjustments, identify training needs, and offer avenues for career advancement. Historically, these documents provided a paper-based record of employee contributions. Today, many organizations leverage digital platforms for streamlined creation, distribution, and secure storage, enhancing accessibility while maintaining confidentiality.
