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In this video, communication tips for yearly performance reviews are discussed to help you approach these evaluations with clarity and confidence. Key reasons for performance reviews include providing feedback on your success, allowing employers to understand your contributions, and encouraging self-reflection for professional growth. Performance reviews typically occur a couple of times a year in one-on-one meetings with your direct supervisor, making it essential to prepare thoroughly. The presenter also hints at upcoming videos focused on promotions, encouraging viewers to subscribe for notifications on those topics.