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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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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 A survey done in conjunction with LinkedIn determined that the majority of jobs are unpublished so sending resumes should only be a small part of your plan to acquire a position.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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How working with a career coach can help.

A career coach (sometimes called a job coach) can help you identify the right role for you and then help you make the transition into your new role. Career coaching integrates career research and complex psychological theory with current knowledge about the job market and organizational processes

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