Which of the following relates to the assessment of employee performance?

The statement about performance appraisals being conducted annually correctly identifies a common practice in employee performance assessment. Performance appraisals serve as a formal review process where an employee's work performance is evaluated over a specified period, often annually. This timing allows organizations to assess employee development, set goals for future performance, and align individual contributions with organizational objectives.

Conducting performance appraisals annually provides a structured opportunity for both employees and supervisors to engage in discussions about performance metrics, achievements, and areas for improvement. This regular evaluation can help in tracking progress over time and ensuring ongoing communication about performance expectations and career development.

In contrast, the other options do not reflect universally accepted practices regarding performance assessments. Some may incorrectly suggest that performance appraisals are limited to executive or managerial roles or that feedback from peers isn’t essential for a comprehensive evaluation. Additionally, the idea that performance appraisals are optional for HR misrepresents the importance of regular performance assessment as part of effective human resource management.