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Referring to a process where a worker's ability to do the work is evaluated. Within North America, most big companies will have these annually and some may have these after completing a probationary period. The quality and quantity of work are evaluated as well as setting goals, and expectations for the coming work period.

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What's the best way to communicate 'you get a bonus but no raise this year' to employee?

I just had a meeting with the company's board, and we concluded that we would give out a bonus, but no pay raises this year. Last year was tough; the business was roughly 30% in the red. I think most …
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