Review is the final phase of the performance management cycle. It provides an excellent opportunity for you to communicate with the employee about past performance, evaluate the employee's job satisfaction, and make plans for the employee's future performance.
Performance review is the process of measuring an employee’s performance in the current position. Many terms are used for this process, including evaluation, appraisal, and assessment, and usage varies depending on policy and/or contract language.
The performance review summarizes the employee's contributions over the entire review period. While policy and contract state that an employee should be assessed at least once a year, it is strongly suggested that employees receive some form of review on a more frequent basis. It may occur as often as you believe is necessary to acknowledge the employee for accomplishments and to plan together for improved performance.