What is meant to be accomplished in the self-appraisal meeting? ...

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What is meant to be accomplished in the self-appraisal meeting?
 
  What will be an ideal response?

Question 2

What are the advantages and disadvantages of completing performance reviews on or around the end of the fiscal year?
 
  What will be an ideal response?

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Answer to Question 1

In the self-appraisal meeting, the employee's self-appraisal is discussed. It is the opportunity for the employee to share his/her perspective on his/her own performance. This is not a time for the supervisor to pass judgment on the employee's self-appraisal.

Answer to Question 2

The advantages and disadvantages of completing performance reviews on or around the end of the fiscal year are:
Advantages: Cross-employee comparisons are much easier; rewards can be tied to the fiscal year; goal setting is more easily aligned with organization goal setting.
Disadvantage: Supervisors have to complete forms for all employees at one time, creating an added workload.