A performance appraisal consists of setting standards and monitoring performance.
What is performance appraisal?
Performance appraisal can be described as the process of carrying out assessment of the past as well as the present performance of the employee in a particular organization and elated this performance to the standard performance that is been expected from the employee.
It should be noted that this help the company to know how the employee is doing his job with respect to the standard that is been set and the task that is been given to the employee in the organization.
Therefore, the first option is correct.
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