Hear that appraisals happen for an employee every year around the first ever joining date. Is this true? And, does performance review happens with your manager or how does it work ?

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There is no rating after performance review? Seriously!!
Then what are we compared with and how do we know if we are performing better than our colleagues or still need to improve?

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The performance review process has changed in recent past. It's not a simple one to one discussion with your immediate supervisor but a collection of things. Example you can take feedback from your peers, that gets recorded. Your supervisor gives you feedback, but there is no rating that he will show you. Only the good things and things to improve.
I don't even remember if there is something else. Honestly if you have been long in a project and the repo with manager is fine, all this doesn't matter. But I guess for newcomers all of this is kind of an overload.

Focus on your manager words

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