Final answer:
A document that details desired goals, measurement methods, and evaluation standards for employee performance is a performance plan. It guides employees towards achieving company objectives and is key to performance appraisals which include feedback and goal setting.
Step-by-step explanation:
A document that describes desired goals and results, how results will be measured and weighted, and what standards will be used to evaluate employee results is known as a performance plan. Performance plans are crucial for setting expectations and providing a clear roadmap for employees to follow to achieve company objectives. It establishes measurable and motivational criteria that answer the question of "How will I know when it is accomplished?" and is typically reviewed in performance appraisals to motivate employees and assess job performance, including both achievements and areas for improvement.
Performance evaluations are an opportunity for employees to review past goals, assess which were met or not met, and set new goals for the future. This interaction between the employee and supervisor is also the time when the supervisor can provide feedback, discuss concerns about performance, and potentially outline a plan for training or professional development. A well-structured performance plan serves as a foundation for these evaluations and helps to ensure that they are both fair and focused on professional growth.