What are appraisals and why are they important?
An example of an AI chatbot conversation about understanding appraisals in various contexts.
What are appraisals and why are they important?
Appraisals are evaluations of the value or performance of something, often used in real estate and employee performance.
How do appraisals work in real estate?
In real estate, appraisals assess a property's market value based on comparable sales, location, and condition.
What factors influence an employee's appraisal?
Factors include job performance, achievement of goals, skills, and feedback from peers and supervisors.
Can appraisals affect salary increases?
Yes, appraisals often influence salary increases, promotions, and bonuses based on performance evaluations.
What should I prepare for my performance appraisal?
Prepare by reviewing your achievements, setting goals, and gathering feedback to discuss during the appraisal.
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