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Did you know over 80% of all jobs are acquired by networking? A survey done in conjunction with LinkedIn determined that the majority of jobs are unpublished so sending resumes should only be a small part of your plan to acquire a position. Your focus should be on networking.

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Employees who leave abruptly definitely can hurt the company’s growth, especially during the early stages. Finding a replacement, training them can cost a lot more than time and money. It might affect other employees and trigger negativity at work.

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Performance appraisals serve as a motivation tool. Through evaluating performance of employees, a person's efficiency can be determined if the targets are achieved. This very well motivates a person for better job and helps him to improve his performance in the future.

Here are 4 reasons why you need performance appraisals for your company:

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