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Is it a serious type of performance appraisal error?

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I think it can be serious type of error. You do not have to take into account one successful performance of employee but to check what he did during a period of time. Time of the period can be based on experience in the sphere of your business. 
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The halo effect is a propensity for how we judge someone based on one feature to sway how we judge them based on other particular traits. 
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The halo effect is a type of performance appraisal error in which an evaluator's overall impression of an employee influences the evaluation of their individual performance. This type of error can lead to inaccurate evaluations and can be a serious issue, as it can lead to unfair treatment of employees. In order to avoid the halo effect, it is important for evaluators to focus on the individual performance of each employee and to avoid making assumptions based on their overall impression.
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halo effect is the tendency for a single positive rating to cause raters to inflate all other ratings. It's almost like the rater is thinking, “If she's good at this, then she's probably good at that, too.”
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