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Vanyuwa [196]
2 years ago
9

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo

rming employees, using person-to-person comparisons, is known as
Business
1 answer:
timurjin [86]2 years ago
6 0

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

  • This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
  • Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

  • This system teaches a manager how to assess employees objectively with the right management training.
  • When the management system needs to be improved or formalised, forced rankings are advantageous.
  • An essential component of business is analysing trends and developments.

To know more about example of forced ranking, here

brainly.com/question/6626507

#SPJ4

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A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
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Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

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3 years ago
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You invested $4,500 in a project which gave you a return of 12.5% the 1st year. You were quite happy, but the 2nd year wasn't as
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4.9%

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The computation of the annual average rate of return over the three years is shown below:

Given that

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3 years ago
Managers of profit centers usually have a. ​Given excessively high bonuses b. ​No discretion over decisions c. ​Most of their de
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