Which methods are commonly used to evaluate employee performance?

The correct answer highlights methods that are widely recognized and implemented in evaluating employee performance. Performance reviews consist of structured evaluations where an employee's performance is discussed in a formal setting, usually involving a supervisor or manager who assesses past performance and sets future goals. This method provides direction and feedback for employee development.

360-degree feedback is another comprehensive approach that gathers insights from various stakeholders, including supervisors, peers, subordinates, and sometimes even clients. This feedback provides a well-rounded view of an employee's performance, fostering a more balanced evaluation that encompasses multiple perspectives.

Peer assessments involve evaluations made by colleagues at similar levels within the organization. This method allows employees to give feedback to one another, which can be valuable for team dynamics and enhances accountability.

In contrast, other options present methods that lack the structured and reliable nature of the chosen answer. Random guessing and peer rivalry do not provide valid or constructive assessments of performance. Occupational tests and random evaluations might not consider the comprehensive context of an employee's work, and while simple yes/no checklists and peer observation can be helpful, they lack the depth and thoroughness provided by the methods in the correct answer. Thus, the chosen option encapsulates the most effective and commonly accepted practices for performance evaluation in a workplace setting.