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The performance review collection in this tutorial offers customizable slides for various types of reviews, including individual, 30-60-90, 360-degree, team light dashboards, and team score cards. These tools can improve company culture and provide clarity and efficiency in employee feedback. Performance reviews help in tracking development and setting plans for future success. Studies show that investing in employee development can lead to increased retention rates. Airbnb's performance review system also focused on career development, with a process involving preparation, delivery, and follow-up steps with a customizable template being crucial for success.