What is the purpose of performance assessments within Cornerstone?

The primary purpose of performance assessments within Cornerstone is to evaluate employee performance against agreed-upon goals and metrics. This process allows organizations to systematically measure how well employees are meeting their objectives and contributing to the overall success of the company. By comparing individual performance to set benchmarks, organizations can identify strengths and areas for improvement, ensuring that both employees and the organization are aligned in their goals.

This systematic evaluation is vital for not only recognizing high performers but also for providing constructive feedback and support for those who may need further development. It fosters a culture of accountability and continuous improvement, which is essential for employee growth and organizational effectiveness.

The other options do address relevant aspects of employee management but do not capture the core purpose of performance assessments as effectively. While determining salary increases, assisting in recruitment, and offering financial benefits are important functions within human resource practices, they are not the central focus of performance assessments in this context. Performance assessments are primarily concerned with understanding and enhancing employee performance in relation to predefined goals.