A review cycle is a performance management technique in which a manager discusses the work performance of each employee on an established schedule. The process usually begins with individual feedback, rewarding, or reprimanding an employee. Review cycles provide feedback that can inspire employees to improve their performance during the upcoming cycle.
Annual review cycle is the review process in which the performance of an employee is determined based on the yearly contribution of the employee. An employee’s work throughout the year is reviewed by the manager and rewarded on that basis.
A common review cycle means all the employees of the company are reviewed based on the same time cycle as – quarterly, bi-annually or annually.
Review period is a set period by the management wherein the employee is evaluated based on the pre-set goals and their ability to achieve it.
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