What is a key difference between 'informal' and 'formal' performance appraisal?

Question

Quizplus · Accepted Answer

The key difference between informal and formal performance appraisal is that formal appraisals are systematic and planned, while informal appraisals are often done in a haphazard or unplanned way. Formal appraisals typically involve a structured process, such as setting goals or objectives, providing feedback, and evaluating performance against established criteria or standards. They may also involve external review, such as a 360-degree feedback process or input from customers or clients. Informal appraisals, on the other hand, are often done on an ad hoc basis, such as during a casual conversation between a manager and employee. While informal appraisals can be useful for providing feedback and building relationships, they are less reliable and may not be as comprehensive as formal appraisals.

What Is a Key Difference Between 'Informal' and 'Formal' Performance