Performance Review
A structured evaluation of an employee's work over a period, covering achievements, areas to improve, and often goals and compensation. Can be periodic or continuous.
Why it matters
Reviews, done well, give people clear feedback and a fair basis for growth and pay decisions. Done poorly they demoralize, so building a simple, honest review habit early beats bolting on heavy process later.
For example
Twice a year each employee gets a structured review of what they achieved and where to grow, tied to a fair pay decision.
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Related terms
Also in Starting Up
See how founders actually handle this on Co-founders, team and legal, part of the Starting Up hub.
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