Learn what an appraisal is, why it is conducted, and how it is done for different types of assets. Find out the key sections and levels of an appraisal report, and the difference between qualified and non-qualified appraisals. Appraisal defined and explained with examples. Appraisal is the act of assessing someone's performance, or assessing something of value. APPRAISAL meaning: 1. the act of examining someone or something in order to judge their or its qualities, success, or…. Learn more. What is Performance Appraisal ? Performance Appraisal is a formal structured system of measuring and evaluating an employee’s job-related behaviours and outcomes to discover how & why the employee is presently performing on the job and how the employee can perform more effectively in the future so that the employee, organization, and society all benefit. Performance appraisal works towards measuring the performance quality of the job holder. Performance appraisal evaluates the jobholders ...