A performance review is a formal assessment process in which an employee’s job performance, skills, and achievements are evaluated by their supervisor or manager. Typically conducted annually or semi-annually, this review serves multiple purposes, including providing feedback to the employee, identifying areas for improvement, and setting goals for future development. The performance review often includes a discussion of the employee’s strengths, weaknesses, and overall contributions to the company.
For example, during a performance review, a manager might highlight an employee’s exceptional project management skills while also addressing areas where they could improve, such as communication with team members. This feedback is essential for guiding the employee’s professional growth and aligning their efforts with the company’s objectives.
Related Terms:
Key Performance Indicators (KPIs)
Performance Improvement Plan (PIP)
