Great summery, Jessica. Continuous communication and timely feedback are invaluable. There is another benefit to frequent performance reviews: When done on a more regular basis, it takes out all the stress and anxiety associated with the annual performance review. As you are reviewing a much shorter time period, you remember better what you have done and the review can be accomplished a lot quicker. It is more like a performance check-in meeting which ideally sums up the continuous feedback and objectives achievements to establish trends and really help improve future performance.