List and explain five benefits that performance evaluations provide management
What will be an ideal response?
1. Identifies high-production employees.
2. Builds a stronger working relationship between the supervisor and the employee.
3. Produces a more objective basis for salary increases and promotions.
4. Provides better and more uniform treatment of individuals by supervisors.
5. Improves quality and quantity standards.
You might also like to view...
Crusoe Waterworks Corporation provides plumbing services. Transactions of Crusoe Waterworks during the first year of operations are given below
a) Received $4,000 cash and issued common stock to Robinson b) Paid $3,000 cash for equipment to be used for plumbing repairs. c) Borrowed $27,000 from a local bank and deposited the money in the checking account. d) Paid $900 rent for the year. e) Purchased $1,000 of office supplies on account. f) Completed a plumbing repair project for a local lawyer and received $3,200 cash. Calculate the amount of total stockholders' equity after recording the transactions. Assume office supplies of $1,000 are left at the end of the year. A) $6,300 B) $3,200 C) $4,000 D) $27,000
A computer manufacturer was concerned about its effectiveness, so it eliminated a level in its hierarchy and decentralized decision-making authority. Which of the following approaches is it using to evaluate organizational effectiveness?
A) external resource approach B) internal system approach C) technical approach D) transaction cost approach