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Managers are oftentimes overwhelmed with their day-to-day activities and postpone important aspects of their jobs, including performance appraisals. What is the purpose of performance appraisals

Managers are oftentimes overwhelmed with their day-to-day activities and postpone important aspects of their jobs, including performance appraisals. What is the purpose of performance appraisals within an organization? how performance appraisals are effective? Give a reason. What components should be included in a performance appraisal? 

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