A Performance Review is a formal assessment where a manager evaluates an employee's work over a specific period. This process helps identify strengths and areas for improvement, ensuring that employees understand how their contributions align with the goals of the organization. It often includes feedback on skills, achievements, and overall job performance. During a performance review, employees may also set new goals and discuss career development opportunities. This conversation can foster a better working relationship between the employee and their manager, encouraging growth and motivation. Ultimately, a well-conducted performance review benefits both the individual and the company.