Does this correctly describe Manager Correlation?

No, this statement describes Manager Certification rather than Manager Correlation. Manager Certification refers to an approval process in which managers are required to periodically review and approve the access rights of their direct reports. This is a governance feature used to ensure that employees only have the access they need, and it helps managers validate their team’s access periodically. Manager Correlation, on the other hand, is about linking identities to their managers based on attributes.

Key Reference from SailPoint Documentation:

Manager Certification vs. Manager Correlation: While Manager Certification involves periodic review and approval of access by managers, Manager Correlation is strictly about linking identities to their respective managers based on defined attributes.