State about the difference between performance appraisal and performance management.

Performance appraisal and performance management are two essential components of human resource management, but they serve distinct purposes and involve different processes. While both aim to evaluate and enhance employee performance, they differ in scope, focus, and the methods employed.

Performance appraisal is typically a formal, periodic evaluation of an employee’s job performance. It is often conducted annually or semi-annually and is aimed at assessing an individual’s effectiveness in their current role based on predefined criteria such as job responsibilities, competencies, and objectives. The appraisal process involves comparing an employee’s performance against established standards or expectations. Common methods for conducting performance ______ ________ ______ _______ ______.
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