Final answer:
Performance review typically reflects past employee reviews, the manager's job perspective, job standards, and the job description.
Step-by-step explanation:
Performance review is based on a combination of factors, including, but not limited to, past reviews of the employee, how the manager views the job, a review of job standards, and the job description. These reviews are critical moments for employer and employee, often deciding promotions and pay raises.
Performance evaluations include formal processes like a 360-degree appraisal, where feedback comes from multiple sources such as supervisors, peers, and the employee themselves. It is essential for employees to prepare for these reviews by being formal and taking the meetings seriously, as they impact career growth and job satisfaction.
These appraisals are not just a one-time event but are part of a continuous effort to improve overall job performance. It's also an opportunity for employees to address challenges they've faced and for managers to assist in developing a future work plan. The culture of an organization plays a crucial role in the effectiveness of the performance appraisal system and in determining how performance reviews are conducted and utilized within the company.
Managers hold significant influence in your professional career, from skill development to impacting decisions about raises and promotions. Hence, it's crucial to maintain a positive and productive relationship with your manager. Understanding the purpose and the process of performance evaluations is vital for every employee's career development.