Meaning of the word "annual review" in English

What does "annual review" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

annual review

US /ˈæn.ju.əl ˈrɪ.vjuː/
UK /ˈæn.ju.əl ˈrɪ.vjuː/

Noun

1.

a meeting between an employee and their manager to discuss the employee's performance and progress over the past year, and to set goals for the coming year

Example:
I have my annual review scheduled for next week.
During her annual review, she received positive feedback on her project management skills.
2.

a report or examination of something that happens once a year

Example:
The company's annual review showed significant growth in profits.
The charity published its annual review detailing its activities and financial performance.