How frequent formal appraisals should take place really just depends on the nature of your company and the nature of your jobs. And it depends on your objectives, too, as an organisation. For instance, if you are a high technology company, the changes and developments happen rather quickly, so appraisals should be carried out in a more frequent manner. Those who work in companies of a less changing nature, like a museum, would not need appraisals as frequent as that.
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