In Their Evaluation of the Current Employee Review Program in Place

question 25

True/False

In their evaluation of the current employee review program in place at TrueBlue, HR managers found that the information gathered tends to be comprehensive as it comes from many perspectives. At the same time, though, combining all the responses is complex, and opinions are often conflicting. Based on this information, it is likely that TrueBlue uses 360-degree reviews.

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Definitions:

Base Year

A specific year against which economic or financial data is measured and compared.

Chain-Weighted Index

An economic measure that accounts for changes in both prices and quantities of goods and services over time, adjusting the weightings to better reflect reality.

Laspeyres Index

A price index used to measure the change in the cost of acquiring a fixed basket of goods and services of the same type and quantity over time.

Paasche Index

A price index that measures the cost of purchasing a given market basket of goods and services in a certain year, compared to the cost of purchasing the same goods and services in a base year, with the quantities used in weighting the prices coming from the year of interest rather than the base year.