Performance evaluations are regular assessments of an employee's work and contributions to a company. These evaluations help managers understand how well employees are meeting their job responsibilities and goals. They often include feedback on strengths and areas for improvement, which can guide professional development and career growth. During a performance evaluation, employees may discuss their achievements and challenges with their supervisors. This process can also involve setting new objectives for the upcoming period. Overall, performance evaluations are essential for fostering communication and ensuring that both employees and employers are aligned in their expectations and aspirations.