As a manager, you need to give your employees constructive feedback to make sure the business is operating at its peak. Annual or semiannual performance reviews give you the opportunity to praise employees for what they've done well, correct what they're doing wrong, and discuss your vision for their growth and future at the practice.

The ideal outcome for a performance appraisal is for managers and employees to have meaningful conversations. It's a chance to document the year's accomplishments, and understand expectations and celebrate progress.

While face-to-face conversations and regular informal feedback should always be included in the review process, the written review is an important tool to help your staff find out where they stand.