A salary review is a process where an employer evaluates an employee's compensation. This evaluation typically considers factors such as the employee's performance, market salary trends, company budget, and the cost of living. The goal is to ensure that salaries are competitive and fair, which can help in retaining and motivating employees. During a salary review, adjustments may be made to reflect changes in the job market or the employee’s contributions and achievements. The review may result in a salary increase, bonus, or other compensation adjustments.