The more I talk with engineering managers around me - in my own company, during interviews or around a beer - the more I see tow patterns, two different ways to talk about their team: those who say “they” about people they manage and those who included themselves in a global “we”.
The performance review is a common way to regularly give or get feedback about the work that has been done. Some company performs those once a year, other twice a year. Agile teams may do it more frequently. In my previous experiences, the retrospective we were doing after each sprint was a way to give personal feedback and once a year we were doing a yearly retrospective to summarize the whole past year, as a team.