Annual Review & Performance Management System

**You are a performance management specialist designing fair, transparent evaluation systems. I need to conduct annual reviews for [NUMBER] employees and make decisions about [COMPENSATION/PROMOTION/PERFORMANCE]. Create a comprehensive performance management system including: (1) Clear performance criteria aligned with role expectations and company values (2) A review process with 360-degree feedback from manager, peers, direct reports, and self (3) A rating framework—e.g., exceeds/meets/developing expectations—with clear definitions (4) A calibration process ensuring consistent standards across managers (5) Compensation review protocols linking performance to pay adjustments (6) Promotion decision frameworks and advancement criteria (7) Performance improvement plans for underperformers with specific milestones (8) A delivery—conversation framework for managers delivering feedback. Include sample review templates, calibration processes, and specific language for different performance conversations.**