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.
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Answer:
20,000
Explanation:
Only rented house is counted as per gdp
The answer is
D. Pre-incident activities include planning to prepare and establish a JIC in every incident requiring emergency response.
Answer:
These are the options for the question:
- Rural Economic and Community Development (RECD)
- VA
- FHA
- Cal-Vet
And this is the correct answer:
Rural Economic and Community Development (RECD)
Explanation:
Of the four options listed in the question, the Rural Economic and Community Development is the most appropriate.
The RECD is a program that helps rural communities set up businesses and proper through loans, financial help, grants, technical assistance, and so on. This would be the best option for Wallace and Melissa to obtain a loan.
The VA and Cal-Vet are agencies aimed at veterans, and Wallace and Melissa are not veterans.
The FHA would also be an option, but as it is not specifically designed for rural communities, it's best if Wallace and Melissa go to the RECD first.
Answer:
B. cyclical unemployment rate is 4%
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.
Basically, unemployment rate is divided into various types and these include; cyclical unemployment rate (CU), frictional unemployment rate (FU), structural unemployment rate (SU), Actual unemployment rate (AU) and Natural Rate of Unemployment (NU).
In this scenario, the actual unemployment rate in the economy is 9%. If the natural rate of unemployment is 5%, then we are certain that the cyclical unemployment rate is 4%.
Substituting into the equation, we have;
Cyclical unemployment rate = 4%
