HRM - Pay for performance

Profit Sharing, Gain sharing, Goal sharing come under what plan?

• Individual

• collective

A performance appraisal is based on the assumption that an employee understood what his or her performance standards were prior to the appraisal.

• True

• False

Supervisors should provide employees with feedback, development, and incentives necessary to help employees eliminate performance deficiencies or to continue to perform well.

• True

• False

In order to ensure that performance goals are challenging and relevant, Matthew, a marketing manager, should independently set goals for his subordinates because participatively setting goals usually produces lower job performance.

• True

• False

The third step of the performance appraisal process is to assess the employee's actual performance relative to work standards.

• True

• False

Formal performance appraisals have been eliminated by almost all major firms and replaced by daily assessments by peers.

• True

• False

The HR department monitors the performance appraisal system, but it is typically not involved in rating employees.

• True

• False