BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -End of year reviews, or annual performance review, occurs once per year. In these meetings, managers typically review an employee’s overall performance and results. This kind of review is typically a formal conversation about an employee’s achievements, goals, opportunities, and areas for growth in the upcoming year.

Detailed explanation-2: -A performance review is a formal assessment in which a manager evaluates an employee’s work performance, identifies strengths and weaknesses, offers feedback, and sets goals for future performance. Performance reviews are also called performance appraisals or performance evaluations.

Detailed explanation-3: -The performance review is a crucial part of the ongoing dialogue between managers and employees. It summarizes ongoing performance and development conversations and provides a record of past performance and expectations for work moving forward.

Detailed explanation-4: -First, the evaluation process should encourage positive performance and behavior. Second, it is a way to satisfy employee curiosity as to how well they are performing in their job. It can also be used as a tool to develop employees.