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An employee evaluation is the assessment and review of a worker's job performance. Most companies have an employee evaluation system wherein employees are evaluated on a regular basis (often once a year). Typically these assessments are done at year end or on the employee's service anniversary.

The Automobile Industry is a form of oligopoly market. The world Oil production market or Oil refining is also another oligopoly dominated by the ''seven sisters'' multinational oil companies like BP, Shell, and Exxon.

Performance appraisal is the systematic evaluation of employees with respect to their performance on their job and their potential for development. In other words, it is the process of measuring productivity in terms of efficiency and effectiveness.

A drop in fuel prices means lower transport costs and cheaper airline tickets. However now that the United States has increased oil production, low oil prices can hurt U.S. oil companies and affect domestic oil industry workers. Conversely, high oil prices add to the costs of doing business.

The Automobile Industry is a form of oligopoly market. The world Oil production market or Oil refining is also another oligopoly dominated by the ''seven sisters'' multinational oil companies like BP, Shell, and Exxon.

Gather foundational information. Review your performance journal notes.  Prepare a list of your accomplishments. Do a self-evaluation. Prepare a list of areas for development. Draft goals for the coming period. Share your preparations with your manager.