Which of the following refers to systematic evaluation employee's performance against predetermined standards?

Performance Appraisal

The correct answer is option 2- Performance appraisal.

Performance appraisal means evaluating an employee’s current and/or past performance as against certain predetermined standards. The employee is expected to know what the standards are and the superior is to provide the employee feedback on his/her performance. The performance appraisal process, therefore, will include defining the job, appraising performance and providing feedback.