A performance review is a regular meeting between an employee and their manager to discuss the employee's work performance. During this meeting, they talk about the employee's strengths, areas for improvement, and set goals for the future. This process helps employees understand how they are doing in their job and what they can do to grow. These reviews are important for both the employee and the company. For the employee, it provides feedback and recognition for their hard work. For the company, it helps ensure that everyone is aligned with the company goals and working effectively towards them.