The annual employee performance process is the assessment and review of the performance of each employee, and it’s usually done at the end of the year. The purpose of this process is reminding each employee of his/her role in the company and what the management expects from each employee, and at the same time, it helps managers make fair and objective decisions when it comes to promotions, pay raises, and layoffs. ZenHR provides both managers and employees with some tips to make the most out of this critical process.