A structured assessment of an employee’s performance over a specific period is a formal review process. This process typically involves a manager evaluating an individual’s work against pre-defined criteria, such as job responsibilities, goals, and competencies. For example, a software developer might be assessed on their coding efficiency, problem-solving skills, and adherence to project deadlines.
The process provides opportunities for constructive feedback, identifying areas for improvement, and recognizing achievements. It is a valuable tool for talent management, contributing to employee development, motivation, and retention. Historically, these reviews served primarily as a basis for compensation decisions, but modern practices emphasize development and alignment with organizational objectives.
