Performance Management Quiz

What is the main purpose of performance management?

• To track and assess employee performance

• To eliminate training and development opportunities

• To increase company profits

• To reduce employee engagement

According to Valamis, how likely are employees to have above-average financial performance if they review their goals at least once each quarter?

• 50%

• 40%

• 30%

• 20%

What is one of the benefits of having a proper performance management system in place?

• Reducing the need for training and development opportunities

• Decreasing employee engagement

• Making talent retention difficult

• Identifying potential leaders within the organization

What is a common challenge of traditional performance management processes?

• Employees desire less feedback

• Lack of feedback from managers

• Too frequent performance reviews

• High level of employee trust and respect

What is the first step in the traditional performance management cycle?

• Planning

• Monitoring

• Developing

• Rating

What is the main goal of the 'Monitoring' phase in the performance management cycle?

• To reward high-performing employees

• To reevaluate employee goals and adjust them if necessary

• To meet with employees to discuss their goals

• To provide further support to employees

What is the primary focus of IBM's new performance management model, Checkpoint?

• Annual review process

• Employee recognition

• Self-driven feedback

• Year-end assessments

What approach does Organon take in its performance management process?

• Reducing employee recognition

• Stressing the importance of the annual review process

• Conducting annual reviews only

• Focusing on appreciation and feedback throughout the year

What did Deloitte implement to evaluate whether they're creating conditions that allow employees to perform at an optimal level?

• Traditional way of assessing performance

• Pulse surveys

• Performance snapshots

• Year-end assessments

What is the main goal of the new performance management system at Deloitte?

• To increase stress during the annual review process

• To discourage team leaders from evaluating individual performance

• To provide a regular assessment of individual performance

• To eliminate check-ins and frequent conversations