appraisal
noun [ C or U ]
uk/əˈpreɪzəl/ usan examination of the value, condition, qualities, etc. of something:
accurate/realistic/honest appraisal She said there was a desire for "an honest appraisal to identify the true facts of this matter".
Items valued at over $500 require written independent appraisals.
real estate/property appraisal A private real estate appraisal for the sale put the value at $1.53 million.
HR, MANAGEMENT (also performance appraisal); (also performance evaluation); (also performance review)
a meeting between an employee and their manager to discuss their progress, aims, and needs at work:
Performance appraisals focus centrally on task standards and on work behaviours, not on personality.
Millions of employees undergo formal appraisal.
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