What is anniversary review in SAP LOD-SF-PM - Performance Management?

SAP Term: anniversary review

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: An evaluation of an employee's performance, which takes place on the employee's hire date anniversary.

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• Key Concepts: 
  Anniversary review is a feature of SAP Performance Management that allows managers to review the performance of their employees on an annual basis. This review is used to assess the employee’s progress and performance over the past year and to set goals for the upcoming year. The review also provides an opportunity for the manager and employee to discuss any areas of improvement or development that may be needed. 
  
  How to use it: 
  The anniversary review process begins with the manager setting up a meeting with the employee to discuss their performance over the past year. During this meeting, the manager will review the employee’s performance, provide feedback, and set goals for the upcoming year. The manager will then document the results of the meeting in SAP Performance Management. 
  
  Tips & Tricks: 
  It is important for managers to be prepared for the anniversary review meeting. They should have a clear understanding of the employee’s performance over the past year and be prepared to provide constructive feedback and set achievable goals for the upcoming year. 
  
  Related Information: 
  SAP Performance Management provides a variety of features that can help managers and employees manage their performance reviews, including goal setting, feedback tracking, and performance tracking. Additionally, SAP Performance Management provides a variety of reports that can help managers track their employees’ progress over time.