From Longman Business Dictionary
evaluatee·val·u·ate /ɪˈvæljueɪt/ verb [transitiveT] to carefully consider something to see how useful or valuable it isWe need to evaluate the success of our last marketing campaign.
—evaluation noun [countableC, uncountableU]the development and evaluation of new products
We need to carry out a proper evaluation of the new system.
According to his performance evaluation, his work was always satisfactory.
There are many people who think that job evaluation is unnecessary.