Which assessment tool is commonly used by leaders to evaluate team performance?

Performance appraisals are a structured method used by leaders to assess individual and team performance within an organization. This tool typically includes evaluating the achievement of set goals, measuring competencies, and providing feedback on areas of improvement. By regularly conducting performance appraisals, leaders can identify strengths and weaknesses, which helps in making informed decisions regarding promotions, training needs, and development opportunities.

In the context of evaluating team performance, performance appraisals allow leaders not only to assess individual contributions but also to understand how well the team as a whole functions, promoting accountability and facilitating discussions on collective objectives. This tool's systematic approach provides a clear framework for evaluating contributions to the team's success and aligning efforts with the organization’s strategic goals.