We were afraid you would ask. Not as afraid, though, as the questions you would ask about bonuses. But that's another story. Those of us who have worked as employees at other companies, large and small, have all dealt with performance reviews or annual reviews, where you sit down with your manager at the end of the year, discuss the progress you've made, and then your manager tells you how you did. You then walk out of the meeting confused, or frustrated because you think you deserved much better, or elated because your manager forgot that six months ago you choked her darling parakeet to death on that piece of Polish sausage you couldn't stand to eat.
Annual reviews suck.
Like the clap, only worse. None of us have any good experiences with corporate job reviews. So we're going to try something different, perhaps try a few approaches, until we find one that works best for everyone. One that, above all, is fair. We will explain why you get paid what you do and what the levels are.