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Yes, upon their weakneses together with the employee you will agree to set the goals that need to be achieved and the time and training necesary.
It should be disclosed However privacy must be ensured while communicating the weakness part; simultaneously also he must be encouraged to take it in a right spirit and should work on overcoming the same. And his strength should also get due recognition.
I do not agree to disclose the employees weakness and strength to share wider ways. It can be shared with employee and supervisor as well as HR.