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

SAP Term: annual review

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: An evaluation of employee performance that happens at the same time each year for all employees.

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• Key Concepts: 
  Annual review is a process in SAP Performance Management (LOD-SF-PM) that allows managers to review the performance of their employees on an annual basis. This review is used to assess the employee's performance and provide feedback on areas of improvement. The review also serves as a basis for determining salary increases, promotions, and other rewards. 
  
  How to use it: 
  The annual review process begins with the manager setting up the review in SAP Performance Management. This includes setting up the criteria for the review, such as goals and objectives, and assigning a rating scale. The manager then reviews the employee's performance against these criteria and provides feedback. Once the review is complete, the manager can submit it for approval. 
  
  Tips & Tricks: 
  When setting up an annual review in SAP Performance Management, it is important to ensure that all criteria are clearly defined and that the rating scale is appropriate for the employee's level of performance. Additionally, it is important to provide clear and constructive feedback to the employee during the review process. 
  
  Related Information: 
  For more information on SAP Performance Management and how to set up an annual review, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to use SAP Performance Management.