Discuss How Performance Appraisal and Feedback Contribute to an Organization's

question 69

Essay

Discuss how performance appraisal and feedback contribute to an organization's effective management of human resources.

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Definitions:

Support Department Allocations

The process of distributing overhead costs from service departments to producing departments within a company.

Operating Income

Earnings generated from the core business operations, excluding expenses and revenues from non-operating activities.

Profit Margin

Profit margin is a financial ratio that measures the percentage of revenue remaining after all expenses have been deducted. It is a key indicator of a company's financial health and pricing strategy.

Return on Investment

A financial metric that calculates the profitability of an investment by dividing the net profit by the initial cost.