What is the nine box matrix and how is it best used?
What will be an ideal response?
The nine box matrix is a combined assessment of an employee's performance and potential. Many Fortune 500 companies including Bank of America, GE, and Medco Health Solutions use some variety of the nine box matrix for classifying their managers' current job performance and potential for advancement. For example, using the nine box matrix, an individual who is performing well might not be judged as highly as someone who has not achieved comparable results but has persevered in a stretch assignment.
The value of the nine box matrix depends on the quality of the assessment methodology that determines the box in which each individual is placed. The nine box matrix is a method for displaying judgments made about employees, not for making those judgments. It can help companies understand the overall strength of their workforces, but only if the employees are accurately evaluated in the first place.
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a. true b. false
A buyer is ready to purchase their first home. They would most likely negotiate a home loan through:
A. An insurance company. B. A credit union. C. Fannie Mae. D. FHA.