What is a performance review?
A performance appraisal, aka performance review, development discussion, performance evaluation, or employee appraisal, is a periodic and systematic process for documenting and evaluating an employee's job performance.
Formerly, organizations conducted annual performance reviews for their entire workforce. However, many businesses are increasingly transitioning to a frequent feedback performance management system where managers perform quarterly, monthly or even weekly reviews. Moreover, some companies are eliminating formal performance evaluations in favor of less formal manager check-ins and one-on-ones.